Teaming and Joint Ventures
- Forms of Joint Venture:
-Partnership
-Limited Liability Company
-Corporation (more formalities)
- Joint Venture small business set-asides
- The Joint Venture may bid on up to three proposals within 2 years Government can award to JV if contract:
- -Exceeds ½ of revenue-based sized standard
- -Exceeds $10M (employee-based size standard)
- -All partners must be small, except for SBA-approved Mentor-Protégé relationship
- Competing as a joint venture – best practices
- -J-V should be formed before submitting offer
- -Agreement should provide for contract performance
- -FAR requires proposal to disclose nature of joint venture
See also the Teaming Guide Book from the Department of Defense
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