In government contracts, the subtle difference between using a contractor teaming agreement vs joint venture agreement is that a teaming contract essentially identifies the prime contractor and subcontractor relationship and discusses the roles of each to the government during the bidding and evaluation process. by contrast, in a joint venture… Read more »
Understanding the joint venture procurement rules when submitting a JV business proposals for government contracts can be very tricky. Although the FAR allows for this type of company-formed relationship, companies submitting a joint venture proposal must be very aware of the underlying affiliation rules that frequently apply. When small businesses enter… Read more »
Although the SBA has new rules addressing joint venture agreements and affiliation, if you have a JV agreement that does not meet the regulatory requirements, your company can still be affiliated and lose the contract. Learn more about the joint venture pros and cons in federal procurement. In federal government contracting,… Read more »
Small businesses continue to use joint ventures as a strategic alliance to get larger government contracts. There are various advantages and disadvantages of forming venture relationships. There are also specific rules that govern these alliances. Yet small businesses continue to lose larger contracts due to increasing amounts of small business size… Read more »
Under federal procurement rules, the small business joint venture definition in government contracting means “an association of individuals and/or concerns with interests in any degree or proportion by way of contract, express or implied, consorting to engage in and carry out no more than three specific or limited-purpose business ventures… Read more »
When trying to get the benefit of the SBA Mentor Protege Program, there is a Joint Venture affiliation exception that you must be extremely careful about. SBA rules that require 8a companies to get prior approval. This requirement poses substantial problems for small businesses relying on the SBA to approve a… Read more »
Failure to Follow SBA Mentor Protege Program Joint Venture Rules 13 CFR 124.513, 13 CFR 125.8 and 13 CFR 125.9 Can Cost You the Contract. Get Help Positioning Your Company for GSA’s OASIS UNRESTRICTED Contract Program. The Small Business Administration 8a SBA Mentor Protégé Program Joint Venture rules have significant… Read more »
Failing to Comply with SBA Joint Venture Definition and Affiliation Rules Can Cost You the Contract. The SBA joint venture definition means two or more businesses joining forces for a profit. The effort is generally targeted to a specific project in federal contracting. In government contracting, the Small Business Administration (SBA)… Read more »
Contents of a joint venture agreement are statutorily set for small businesses and 8(a)certified companies. If you are a small business in the SBA 8a certification program and thinking about entering a joint venture agreement with another company, there are a few things that you want to consider. Not only are the… Read more »
Despite the new SBA affiliation rules reducing the possibility of affiliation, small businesses must still be aware of the costly legal mistakes made during the bidding process as well as day-to-day operations. Your company can lose government contracts if correctly challenged in a small business size protest. Companies consistently run… Read more »