Joint ventures are quite popular in federal contracting. And for good reason. Joint ventures allow contractors to team up to pursue and perform federal set-aside contracts and subcontracts–combining their past performance, experience, and capabilities and sharing their costs and resources. They allow contractors that are not quite ready or capable to take on a full federal project solo to gain such experience and establish that direct client relationship as sort of a “co-prime.” They also offer the government-client a two-for-one package that still “checks the boxes” for set-aside work–that is, if they are formed and utilized in a manner compliant with the rules. This blog provides the step-by-step process of forming a joint venture (don’t forget to brush up on the basics of joint ventures here for more on the benefits, the agreement itself, and the performance requirements).