What’s in a name? A look at the who, what and why of forming a joint venture partnership
Mining Engineering, 2015, Vol. 67, No. 3, pp. 156-156
There’s a bit of confusion and misinformation in the tunneling and underground construction industry regarding contractor joint ventures. If it was all so clear I would not have been “asked” to write this article. For those of us on the contractors’ side of the fence, joint venture business relationships have been a part of life for a long time. But even for contractors, there can be a bit of confusion, and it normally begins on bid day.
How often have you received bid results and wondered (out loud, usually), “Who the hell are the Lake Mead Intake Constructors”? or the “Regional Connector Constructors”? Once you get past the name, you see that there is nothing behind Oz’s curtain other than a couple of contractors bidding and building work in an attempt to make a profit. So take a few minutes to read the rest of this, and I’ll do my best to dispel a few myths.
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