Getting Creative With Advice
Jul 17, 2020 // By:aebi // No Comment
It is transaction agreements that enable industries to come up with prototypes and engage in research and productions projects, but since it has been a challenge for some time, that is where OTA comes in. These other transactions that the government agencies are able to enter into because of OTA are to meant to empower the government with the latest technology in the market. Due to the government procurements regulations, other transaction agreements were created to allow them to get what they want without being limited by the rules. Discussed below is everything you should know about other transactions and how it works.
By allowing government agencies to enter other transactions that give them the power to bypass the government’s procurement regulations, OTA has allowed for greater speed, flexibility, and accessibility which is required in research and prototype activities. If you have been thinking of applying for an OTA award, you will be glad to learn that your chances of receiving it are magnified provided you haven’t performed any contract subject to full coverage under cost account standards; you must be a non-traditional defense contractor. You can still win an OTA award if you are traditional defense contractor but only if you are partnering with a non-traditional defense contractor or providing financial cost-sharing.
OTAs is usually issued by the federal government for three important reasons which are accelerating research and development, prototype purposes which is for projects aimed at weapons and weapon systems, and for production purposes. Cost-reimbursements OTAs are the types where you are reimbursed the expenses you incurred on a project for the federal government. For any firm handling a research and development project meant to reduce government risk, the most suitable type of compensation would be firm-fixed-price OTA.
If you have been wondering about the solicitations methods, you will be glad to know that OTAs can only be solicited through either request for prototype proposals or request for the white paper, highlighting all the factors that may impact the OTA award. When you are ready to submit your request for an OTAs on a project, you will submit it to consortia because that is the firm that the government uses and it is the procedure for you to follow.
You can get an OTAs award in as little as two months because these firms reduce the otherwise lengthy process that could have required you to wait for hours. Since this might be a relatively new concept or field to you, you will get all the help you need from an experienced officer. This is the guide to OTA proposals you should know.