NASBP's Online Joint Ventures Course: A joint venture (JV) is a partnership between one or more businesses to take on a commercial enterprise
Teaming and mentor-protégé agreements and joint ventures will be the topics of Reed's presentation during the Nov. 12 and 13 educational conferences being held in Washington, DC, by Smith, Currie & Hancock and the National Association of Surety Bond Producers
To that end, a new decision from SBA’s Office of Hearings and Appeals (OHA) reverses a previous OHA rule that had, for the past two years, rendered many otherwise compliant joint venture agreements ineligible for favorable treatment under SBA regulations. This is the latest instance in which the rules for joint ventures have changed, and a good reminder for companies to be sure their joint venture agreements are compliant with the most current regulations and OHA case law
NASBP is pleased to announce that the NASBP membership now has access to a set of three in-depth articles on joint ventures in construction
Finnerty of PilieroMazza Originally published March 15, 2023 The Small Business Administration’s (SBA) joint venture (JV) regulations allow large businesses to perform set-aside contracts with their small business protégés and allow small businesses to pool their resources and experience to compete for set-aside work they would not independently qualify for
Attendees will learn about dos and don'ts in public contracting relationships, with a focus on design-build, public-private partnerships, joint ventures, teaming agreements, mentor-protégé arrangements, affiliation rules, new SBA regulations, and Disadvantaged Business Enterprise (DBE) fraud. This seminar will address the new proposed SBA rules, which will significantly change the federal contracting landscape for both large and small contractors. A joint venture case study will feature basic facts and a problematic joint venture agreement. This case study is intended to educate attendees on how to spot red flags in joint venture agreements
As of January 9, 2023, the SBA began accepting applications for certification here . Impacts to Joint Ventures As before, a Joint Venture is not required to be certified as a VOSB or SDVOSB under the new regulations. New regulations were issued, however, in 13 CFR 128 outlining the certification requirements of joint venture members. A joint venture may submit an offer for a VOSB or SDVOSB contract if the joint venture meets the requirements as set forth in 13 CFR § 128.402. These requirements include that (1) the VOSB or SDVOSB joint venture partner is certified, (2) the joint venture agreement complies with the requirements set forth in 13 CFR § 128.402, and (3) a VOSB or SDVOSB cannot be a joint venture partner on more than one joint venture that submits an offer for a specific contract set-aside or reserved for VOSBs or SDVOSBs
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Joint ventures can serve a variety of purposes, with sureties playing a crucial role; but the parties involved must make sure the arrangement is legal, says Adrian L
This would be the most convenient way to ensure the completion of the works without additional cost implications. Many joint venture agreements will allow the remaining members to continue with the works even where one member is insolvent
The one-day seminar will focus on such topics as mentor-protégé arrangements, joint ventures and small-business regulations