Managing Venturer/Project Manager. Designate a small business as the managing venturer, and an employee of the managing venturer as the project manager.Set forth the purpose of the joint venture. The regulatory requirements are very different for a joint venture between two small businesses, on the one hand, and a joint venture under the small business mentor-protege program, on the other. In the case of a joint venture between two or more businesses that each qualify as small, the agreement “need not be in any specific form or contain any specific conditions in order for the joint venture to qualify as a small business.” But for a small business mentor-protégé joint venture, the agreement must include provisions that meet the following criteria: § 125.8) are very similar to the existing 8(a) joint venture requirements (which apply both to 8(a) mentor-protege joint ventures and to “non-mentor-protege” joint ventures for 8(a) contracts). With that admonition in mind, the small business mentor-protégé joint venture requirements (to be set forth at 13 C.F.R. Any joint venture agreement should be prepared and reviewed carefully, to ensure its compliance with the new regulations. As part of this significant program addition, SBA’s final rule includes details about the requirements a small business joint venture must satisfy in order to be qualified to perform a small business set-aside. This post will briefly discuss those requirements.Ī quick disclaimer: as we have detailed previously on SmallGovCon, the SBA will closely evaluate a joint venture agreement in the case of a size protest, and omitting even one piece of required information can render a joint venture ineligible for award. On Friday, Steven wrote about the framework of the new SBA small business mentor-protégé program.
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