Files with IFC extension refer to Industry Foundation Classes (IFC) file format that establishes international standards to import and export building objects and their properties. This file format provides interoperability between different software applications. Specifications for this file format are developed and maintained by buildingSMART International as its Data Standard.
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Files with OTT extension represent template documents generated by applications in compliance with the OASIS' OpenDocument standard format. These are created with word processor applications such as free OpenOffice Writer and can hold settings that can be used to generate new documents from these template files. These settings include page margins, borders, headers, footers, and other page settings. Such templates are used in official documents such as company letterheads and standardized forms.
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You can also convert IFC into many other file formats. Please see the complete list below.