Other Transaction Agreements are an increasingly popular contracting tool, and they’re affecting overall government contracting numbers.
OTA purchases across the government surged from $2.3 billion in fiscal 2017 to over $4 billion in fiscal 2018.
The numbers come from the BGOV200, an annual ranking of the top 200 federal contractors created by Bloomberg Government.
“While multiple-award contracting is expected to dominate spending for years to come, agencies are also leveraging new acquisition methods to buy goods and services more quickly and easily in ways they haven’t before,” the report states.
The OTA authority, which was expanded by the 2016 National Defense Authorization Act, allows agencies to sidestep the Federal Acquisition Regulation and work with innovative, small companies that don’t normally do business with the government.
Keep reading this article at: https://www.fedscoop.com/otas-contracting-fiscal-2018-bgov/
