Tuesday Insight – May 30th, 2023: Joint Ventures

Jul 17, 2023

JV Program Benefits

Joint venture benefits to participants include:

  • Collective representation of past performance
  • Shared costs and resources
  • Leveraging the other partner’s experience and market share

A mentor and its protégé can joint venture as a small business for any small business contract, provided the protégé individually qualifies as small. 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.

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.

SBA no longer approves joint venture agreements formed to pursue competitive 8(a) contracts. This includes joint venture agreements formed under the SBA MPP to perform a competitive 8(a) contract. SBA will continue to review and approve all joint venture agreements formed to pursue sole source 8(a) contracts.

How to Set up a Joint Venture

Your joint venture agreement must be in writing and follow SBA requirements.

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