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Are subcontracting goals under a Teaming/Partnering or Joint Venturing (JV) Agreement enforced differently?

April 26, 2017Agreement enforced goals Joint jv Partnering subcontracting teaming venturing

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Are subcontracting goals under a Teaming/Partnering or Joint Venturing (JV) Agreement enforced differently?

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Yes. Unless otherwise noted, a Teaming/Partnering agreement is essentially viewed as a prime/subcontractor relationship. Under this scenario, the prime contractor is responsible for ensuring that the subcontracting goals are met. A Joint Venture (JV) relationship exists when several firms merge for the purpose of pursuing a specific project. The JV entity is responsible for ensuring that the subcontracting goals are met.