Many small businesses would not be able to put in a tender bid based solely on their own resources. Pooling resources with other businesses opens up a whole new area of work. This article discusses the main options available to businesses wishing to work with other businesses in order to win a tender bid.
This article deals with joint ventures in their many guises and lead contactor/sub-contractor relationships.
Joint ventures occur where two or more businesses work together either on a particular proposal or as a continuing business. Joint ventures are commonly run through:
- a limited company;
- a partnership; or
- a consortium