Joint Ventures, Teaming and Mentor Protege: The Good, Bad and Very Ugly.
It is estimated that U.S. Military spending from Oct. 1, 2020 to Sep. 30 2021 will be over $934 billion. This is for one federal agency. As such, the Federal Government is setting aside larger and larger projects for SBA 8(a), SDVOSB, WOSB and other small businesses. These small businesses are rightfully scrambling to get a piece of these lucrative contracting source.
Joint Venture, Teaming and the SBA Mentor Protégé program are among the best ways to better increase the likelihood of successfully being awarded and performing the project work. However, Joint Ventures, Prime Subcontractor Teaming arrangements and the Mentor Protégé program can be a recipe for success or a recipe for total disaster. It is essential that contractors understand the numerous game-changing SBA regulations on Joint Ventures, Teaming and Mentor Protégé programs that can drive the success or failure of a project. Bottom line: It is crucial to understand the potential risks and liabilities before these agreements are signed.
Michelle will discuss the many great benefits to engaging in these arrangements. She will also discuss lessons learned on joint ventures, teaming and Mentor Protégé arrangements that have turned horribly soured and tips on avoiding these disasters. Among the numerous topics we will discuss and frequently asked questions we will consider:
* Practical concerns in pursuing contracts as a small business team.
* Creating Joint Venture, Teaming and Mentor Protégé relationships that make sense and properly address and reduce potential risk exposures.
* Legal, Financial and Practical issues to address when forming Joint Ventures and Prime-Subcontract teaming arrangements
* Affiliation and Subcontracting Limitations issues and SBA regulations.
* Hard questions to ask your prospective Teaming and Joint Venture partners.
* Lessons learned by small businesses the hard way.
* How small and large businesses can work together legally and ethically.