JOINT VENTURE AGREEMENT TEMPLATE
(13 CFR 124.513 (c)(1)): A provision sets forth the purpose of the JV.
1.0 Purpose. The purpose of the Venture shall be to bid upon REQUEST FOR PROPOSAL #
(RFP number) and, if successful, to enter into and consummate that certain (specify type of
services) services for (department/agency name) for the base period of the contract, and
options, totaling not more than (number) months from contract award date.
(13 CFR 124.513 (c)(2)): A provision designating an 8(a) Participant as the Managing
2.0 Project Manager. (Name) has been selected as the Project Manager for this contract and is
an employee of (8(a) participant firm’s name). (He/she) shall be responsible for contract
performance, overseeing the jobsite, reporting to and implementing the instructions of the
Managing Director, preparing a daily written log detailing all developments and aspects of the
job, and submitting such log to the Managing Director at his request.
(13 CFR 124.513 (c)(3)): A provision stating that not less than 51 percent of the net profits
earned by the JV shall be distributed to the 8(a) participant.
3.0 Distributive Share. The net operating income and net operating loss of the venture shall be
allocated between and shared by the venturers in proportion to their Percentage Ownership
Interests, as set forth in Section 4.0.
4.0 Percentage Ownership. Each venturer’s respective interest in the Venture (hereinafter called
“Percentage Ownership Interest”) is (8(a) participant firm’s name) – (ownership percentage) and
(partnering firm’s name) - (ownership percentage).
(13 CFR 124.513 (c)(4): A provision providing for the establishment and establishment of
a special bank account.
5.0 Bank Accounts. The operating account (“Operating Account”) shall be at (bank name) Bank.
The operating capital account shall be established in the name of the venture, (8(a) participant
firm’s name) AND (partnering firm’s name) TRADING AS (joint venture’s name) joint venture.