Is Your Mentor-Protégé Program Joint Venture Agreement Compliant with SBA’s Regulations? It May Not Be.
Many joint venture (JV) contractors have spent weeks of painstaking effort developing proposals only to learn later after winning a significant contract award that they are ineligible because of the failure to follow the mandatory regulations for JV agreements under the Small Business Administration’s (SBA) All-Small Mentor-Protégé Program (ASMPP). I f a JV agreement fails to include every mandatory provision required by SBA’s regulations, that JV contractor can be determined ineligible for award. Therefore, at the beginning of the proposal process, contractors must review closely SBA’s regulations associated with the ASMPP to make sure that they have a compliant JV agreement. A failure to do so can result in the loss of millions of dollars in contracts. In this alert, we provide steps to make sure your JV agreement is compliant. 1. Understand which SBA regulations apply to that particular JV and to the particular set-aside contract that the JV is pursuing. ...