Don`t miss Richard Arnholt and Todd Overman at the 2018 GovCon Florida Summit. Their presentation will provide strategic directions to help small businesses maximize their position in team relationships. The 2018 GovCon Summit in Florida will take place from February 28 to March 1 at the Ballroom on Church Street in Orlando, Florida. For more information and registration, please visit the Solvability website. Cooperation in agreements can be a way for companies to succeed. There are advantages to cooperation with other parties. These include: the government regularly presents contracts exclusively for small businesses, in order to offer the opportunity to compete with small businesses; in these cases, large companies are excluded from the tendering process. However, small businesses, because of their size and resources, are sometimes unable to compete alone for the contract. This potential problem is that team agreements come into play for small businesses trying to increase their participation in public procurement.
The rules of the Small Business Administration (SBA) and FAR offer small entrepreneurs several opportunities to set up a team agreement that allows them to be competitive from the start for the contract. These different opportunities to partner with other small businesses, or even large companies, include opportunities to collaborate with other small businesses, or even larger ones. The most common agreements are joint ventures and team agreements. The CTA team agreement should determine the role and responsibility of each team member in the work done at the contract level. These roles and responsibilities are defined by the team, not the government. In today`s competitive construction industry, companies choose to partner with outside parties to pursue government contracts. However, the complexity of each contract must be understood before it enters. It`s always a good idea to get help from a brandon lawyer who can give an invaluable insight into the contracts. We give you an overview of the team agreements and discuss some of the pros and cons of these agreements.