WHAT IS A SDVOSB JOINT VENTURE?
A SDVOSB Joint Venture is a joint venture that is 51% owned and controlled by the Service Disabled Veteran(s), and the SDV(s) receive 51% of the net profit. In order to be awarded a contract under a procurement set aside for SDVOSBs, a Joint Venture must be a qualified SDVOSB Joint Venture, all the parties to the Joint Venture must be small businesses for that NAICS Code, and the Joint Venture agreement must be accepted by the Contracting Officer as an SDVOSB Joint Venture.
