Other Transaction Authorities (OTA) were created to provide selected agencies the flexibility necessary to adopt and incorporate business practices reflecting commercial industry standards and best practices into its award instruments. OTA allows for rapid procurement from non-traditional contractors without FAR-based competition.
Tag: Other Transaction
OTA Offers Big Benefits…If You Know How to Use It
Other Transaction Authorities (OTA) were created to provide selected agencies the flexibility necessary to adopt and incorporate business practices reflecting commercial industry standards and best practices into its award instruments. OTA allows for rapid procurement from non-traditional contractors without FAR-based competition.