When two or more licensees wish to jointly submit a bid, they must first:

When two or more licensees wish to jointly submit a bid, it is essential for them to secure an additional license to act as a joint venture. This requirement ensures that the collaborative efforts of the licensees are legally recognized and compliant with relevant regulations governing bidding practices.

Establishing a joint venture allows the participating licensees to combine their resources, expertise, and qualifications, enabling them to take on larger projects or those that require a diverse set of skills. Acquiring the appropriate licensing as a joint venture also provides clarity in accountability and adherence to the legal framework set by regulatory bodies. This step safeguards both the project owner and the contractors involved by ensuring that all parties are properly vetted and authorized to perform the work outlined in the bid.

Therefore, securing an additional license to operate as a joint venture is a critical first step in formalizing the partnership and moving forward with the bidding process on a project.