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.

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