Other Transactions (OT), tools that include everything from flexible research arrangements to feasibility testing models, are an increasingly popular instrument to be utilized in government procurement. These tools allow federal agencies to research, prototype, and test new technologies beyond what is possible through standard procurement contracts.

In this article from Acquisition Talk, the Department of Defense (DoD) is supporting the COVID-19 response of Health and Human Services (HHS) by executing OT contracts, with COVID-19 OTs representing more than half of all OTs awarded by the DoD this summer. Under Operation Warp Speed, the DoD put $4.3 billion into OT contracts identified for COVID-19 this July, in comparison to the $111 million that was put into OT contracts in May.

Due to 99.7 percent of these COVID-19 OTs going towards prototyping efforts, the OTs are enabling the HHS to increase manufacturing capacity and continue the development of vaccines, tests, and antivirals. Public Spend Forum’s latest reports covering key market data, verified suppliers with available inventory for the COVID-19 response, and additional details about Public Spend Forum’s support of the COVID-19 response can be found here.

Read Acquisition Talk’s full article and analysis here.

0

No comments

You must be logged in to post a comment.