My company is teaming up with another small business for an 8(a) Business Development Program competitive bid on a federal contract. This is for court reporting services under NAICS 561492. We're forming a joint venture for this specific set-aside opportunity. We heard from a consultant that the joint venture agreement has to follow the SBA regulations "word for word" to be accepted. We're working off a template but I'm worried it might miss something critical. What provisions are absolutely mandatory for the SBA to accept a joint venture agreement for an 8(a) competitive set-aside? Things like the managing venturer, profit split, performance of work, bank account, and records. Does the SBA review the joint venture agreement before we submit our proposal or after award?
What has to be in a joint venture agreement for a set aside bid so SBA accepts it?
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