Other Transaction Agreements Today
There are 23 Other Transaction (OT) authority consortia currently providing the government with access to diverse range of cutting-edge research and prototypes.
Last post, we gave a quick run-down of Other Transaction Agreements (OTA) and how they work. Today, we’ll show you how they’re being used by the government to access innovation.
Other Transaction (OT) authority is currently used to bring research findings and prototypes from industry to the federal market in areas as diverse as biotechnology, electromagnetic spectrum uses, and armaments technology. Other Transaction Agreements (OTA) enable quicker technology and prototype acquisitions, bringing solutions to end users sooner.
OTs also create a long-term channel for the government to collect industry input and feedback on rapidly evolving technologies. The collaborative nature of this model and its emphasis on engaging nontraditional technology suppliers casts a wider net for capturing ideas and innovations than available under the FAR.
For participating companies, the model lets them weigh-in on critical technology issues and gives them a voice to inform government technology requirements. The Other Transaction (OT) authority consortium fosters technology transition partnerships between small technology innovators and large system integrators. And its agile contracting features help government meet obligation benchmarks.
ATI has emerged as the leader in OTA collaborations.
Of the 23 Other Transaction (OT) authority consortia in operation today, ATI performs consortium management services for eleven of them.
Join us next time for some one-stop shopping using Other Transaction Agreements!