Teaming and Joint Ventures

A Teaming Agreement is a private agreement between two companies to combine resources in order to bid on a federal government contract. These types of agreements typically envision either a joint venture to submit a bid as prime contractor or an agreement to future prime/subcontractor relationship for a federal procurement. These two kinds of...

Many government contractors are motivated to enter into joint venture (JV) agreements to capture business. They might do so because the cost of capture is too high for them to manage themselves, or because the contract requires past performance, licensure, or a skill set that they do not possess. As a result, they search...

Prime and subcontractor agreements in the government procurement system are probably more familiar to most people than teaming agreements.   With the normal prime and subcontractor relationship,  prime contractors work directly with the government. They manage any subcontractors and are responsible for ensuring that the work is completed as defined in the contract. To become...

A joint venture (JV) is an association of two or more businesses to jointly bid on and perform work (for profit), through combining each other’s resources to minimize each other’s weaknesses. A joint venture presents a bold opportunity for all forms of government contractors, especially the small business. A joint venture is a separate legal...