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hello Im Adam Harrison today Im going to briefly discuss bidding through the use of joint venture agreements with current economic conditions forcing contractors to think outside the box to procure new projects I am frequently asked to review and draft joint venture agreements to facilitate an arrangement where two contractors will team up for one or more bid submissions usually I am that one contractor has the business contact but does not have the bonding capacity or Manpower while the other contractor does have bonding capacity or other resources to make the joint approach effective joint venture agreements can be a very effective approach to bid an otherwise unobtainable project however various issues and risks must first be considered and allocated to assure that each contractor is protected for example decisions must be made regarding the formation of the joint joint ventures legal entity contrary to what many think a new joint venture can be a new company but the joint venture