XL EagleJV (Joint Venture)
JV stands for Joint Venture. A joint venture is a partnership of two or more companies that bid and perform a contract together under one name. The JV usually registers in SAM with its own UEI.
For small business set-asides, a JV is generally small if each member is small for the NAICS code, or if it is a JV formed under an approved mentor-protege relationship. In set-aside JVs, the small members must perform at least 40 percent of the work done by the JV.
Why it matters to a small contractor
A JV can help two small firms win something neither could alone, like a big multi-trade facilities job. Get a written JV agreement that covers who does what and how profits split.
Example
A small mechanical contractor and a small electrical contractor form a JV to bid a $3 million facility maintenance set-aside. Each brings past performance the other lacks.
JV: common questions
Is a JV the same as a teaming agreement?
No. A JV is the prime itself. In a teaming agreement, one company primes and the others sub.
Does a JV need its own SAM registration?
Generally yes, it registers as its own entity to receive awards.
Want the contract without the paperwork? Send XL Eagle your price on an open government job. We write and submit the bid under our registrations, free to you. Find open jobs →