Examples of Other Transaction in a sentence
In accordance with 10 U.S.C. § 2371b(f), the Government may award a follow-on production contract or Other Transaction (OT) for any OT awarded under this BAA if: (1) that participant in the OT, or a recognized successor in interest to the OT, successfully completed the entire prototype project provided for in the OT, as modified; and (2) the OT provides for the award of a follow-on production contract or OT to the participant, or a recognized successor in interest to the OT.
The Government intends to award one Other Transaction Agreement as a result of this RFS; however, more than one award may be made if determined to be in the Government’s best interest.
At least one third of the total cost of the prototype project is to be paid out of funds provided by sources other than the Federal Government.This requirement is a statutory element of the Other Transaction Authority and will be regarded as a pass/fail criterion during the Compliance Screening in order to ensure compliance with 10U.S.C. §2371b.
Refer to the Other Transactions for Prototypes Fact Sheet and Other Transaction for Prototype Agreement, available at https://www.darpa.mil/work-with-us/for-small-businesses/participate- sbir-sttr-program.
Submission of White Papers and Full Proposals for Contracts, Cooperative Agreements, and Other Transaction Agreements.