DoD Issues Updated Other Transactions (OT) Guide

The Department of Defense updated its guidance on “other transaction” agreements, or “OTs,”[1] an increasingly popular contracting authority not subject to the FAR or most procurement laws that accounted for more than $37 billion in defense spending from 2019 through 2021.[2] Although the new Other Transactions Guide, Version 2.0 (“OT Guide”), effective July 8, 2023, reflects much of the same policy with little substantive change, it includes a few noteworthy updates and helpful reminders:

View the full article