The Center for Veterans Enterprise Web Portal
Teaming and Joint Ventures
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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
Additional Information:
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.