![]() The regulations governing joint ventures formed under SBA MPP are explained in detail in 13 CFR 125.8 and 13 CFR 125.9. ![]() Note, the protégé is the responsible party for reporting the evaluation under its DUNS number. Respective, annual reports and project-end reports are due 45 days after each operating year and 90 days after completion of the contract. Annual evaluations are due 30 days from the anniversary date on your welcome letter. The joint venture must submit annual evaluation reports, annual performance-of-work statements, and project-end performance-of-work to SBA and the contracting agencies explaining how the work is being performed for each contract.However, for purposes of determining the protégé’s size, 40% of the revenues under the contract must be appropriated to the protégé. Having a joint venture contractual agreement could potentially create new jobs and allow companies to show innovative capabilities to federal government markets. Assuming the joint venture and the protégé perform the minimum work share requirements, the protégé will perform 20% of the contract. The protégé must perform at least 40% of the work done by the joint venture. SBA will continue to review and approve all joint venture agreements formed to pursue sole source 8(a) contracts. Each party brings resources such as money, staff, and equipment to the joint venture. You have a partner that is invested as you are who brings different skills to the table. This includes joint venture agreements formed under the SBA MPP to perform a competitive 8(a) contract. A joint venture is the best way to access insights and expertise. SBA no longer approves joint venture agreements formed to pursue competitive 8(a) contracts. In order for your joint venture to be able to bid on contracts reserved for small businesses, you must follow the requirements for receiving an exclusion of affiliation for contracting purposes. The joint venture may also pursue any type of set-aside contract for which the protégé qualifies, including contracts set aside for 8(a), service-disabled veteran-owned, woman-owned, and HUBZone businesses. Leveraging the other partner’s experience and market shareĪ mentor and its protégé can joint venture as a small business for any small business contract, provided the protégé individually qualifies as small.Joint ventures are different from partnerships because JVs do not involve any sharing of ownership of the venture. Advantages of JVs include shared costs, access to more resources including capital, labor, assets and expertise. Collective representation of past performance Joint ventures (JVs) are a strategic alliance, where business can pool their resources and expertise to achieve a goal. Disadvantages of a joint venture: Goals of the partner companies can contradict each other in parts Decisions cause high coordination effort Negotiating.Joint venture benefits to participants include: Market research and competitive analysis.
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