Joint Venture
A formal entity formed by two firms to pursue contracts jointly.
Definition
A joint venture combines two or more firms under a written agreement to perform a specific contract, with SBA rules permitting small business status under mentor-protégé arrangements.
Why it matters
A properly structured mentor-protégé JV lets a small firm bid work far above its standalone capacity.
Example
An 8(a) protégé and its mentor form a JV for a $60M facilities contract.
Related terms
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