How does the Disadvantaged Business Program define the difference between a joint venture and a subcontracting agreement?
In a subcontracting agreement, the prime contractor is contracting with another company (the subcontractor) to provide certain goods or services needed to fulfill the contract needs. The subcontractor’s responsibility only extends to providing those specific goods or services. In a joint venture, two companies share the risks and profits of the contract. You can find a more detailed description on joint ventures at www.portal.state.pa.us/portal/server.pt?open=512&objID=1360&mode=2, or by contacting (717) 787-7629 or gs-bmwbo@state.pa.us.
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