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Teaming and Joint Ventures

 

  • Main Characteristics of a Joint Venture (J-V):
    -Co-management
    -Sharing profits and losses
    -Limited duration
  • 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 

 

Locate or register a veteran owned business

The Vendor Information Pages Database is the only Federally controlled database in which a legal verification process is used to determine service disabled or veteran status of a small business. All companies participating in the Veterans First program under PL 109-461 are required to submit evidence of ownership / control and veteran status before being awarded a VA contract under the set-aside authority.