Issue Date: 
Monday, January 19, 2015

10 features of a good Joint Venture Agreement

By W van Rooyen

www.how2tender.com

19 January 2015

A Joint Venture is a good business idea to compete for tenders if one does not have all the necessary expertise that are required for a specific tender. The thing to remember though is that you must have a solid Joint Venture Agreement in place for your Joint Venture. A good, rock solid Joint Venture Agreement will protect the participants to the Joint Venture.

Here are 10 features that any good Joint Venture Agreement must have:

  1. The purpose of the joint venture must be clearly defined;
  2. The percentage participation of all the members must be clearly stated. Remember that the members share in the profits and losses of the Joint Venture and this must be indicated as such.
  3. There must be a paragraph that provides for the formation of a management body for the joint venture;
  4. There must be consensus between the members to ensure that the activities of the Joint Venture will not be unjustifiably slowed down by failure to achieve it;
  5. The dispute resolution must be effective, easy and cheap to execute;
  6. There must be clear and comprehensive guidelines that sets out the contributions to be made by each member towards the activities of the joint venture in securing and executing the contract and should allocate monetary values to such contributions.
  7. All members must provide meaningful input to the management activities of the joint venture as well as policy making;
  8. There must be a safe guard to limit, as far as possible, any losses to the joint venture by the default of any Joint Venture member;
  9. The Joint Venture Agreement must be flexible enough to allow for joint ventures which differ in objectives, inputs by members and management systems;
  10. Last but not least the Joint Venture Agreement must be tender specific.

Make sure that your Joint Venture Agreement contains all these features. This will ensure that you are covered against most unforeseen contingencies.

You can find a Joint Venture Agreement on our website at www.how2tender.com. You will also find our newly revised Tender Manual 2015 there. The Tender Manual will teach you all you need to know to respond to tenders correctly and hopefully successfully.

Until next time - happy tendering.

Title Closing Date Tender No.
The South African National Roads Agency SOC Limited (SANRAL) invites tenders from qualified Bidder/s to enter into an agreement for Database Administration and Managed Services (Oracle, Microsoft Mssql and Mongodb). 2019-07-10 14:00 NRA 58000/ 2019/ ORAMSSQL/ R
The RAF hereby invites experienced, suitably qualified service providers for Enterprise Project Portfolio Management (EPPM) Solution for a period of five (5) years. 2019-07-16 11:00 RAF/ 2019/ 00016
Appointment of a Service Provider to Provide Travel Management Services to Public Protector South Africa (Ppsa): Head Office Over a Period of Three (3) Years 2019-07-12 11:00 PPSA 001/ 2019
Provision of Technical Advisory Services to National Treasury: Intergovernmental Relations for The Cities Support Programme (Csp) to Enable Streamlined Online Reporting By Eight Metropolitan Municipalities Local Government Monitoring, Evaluation And Reporting Specialist 2019-07-05 11:00 GTAC 010- 2019
Data Centre Hosting Services for a period of 36 months 2019-07-19 11:00 SCMN001/ 2019
Appointment of a Service Provider to Conduct an Implementation Evaluation of The Sector Infrustructure Programme. 2019-07-05 11:00 SD02/ 2019
Appointment of aService Provider for Rendering of Travel Management Services to Dsd In Terms of Air Travel, Accommodation, Car Rental, Shuttle Services and Parking at The O R Tambo International Airport. 2019-07-05 11:00 SD03/ 2019
The appointment an event management company to provide event management services to National Film and Video Foundation. 2019-07-08 11:00 RFT 02 2019- 2020
Placement of automated serology / immunology analysers for Braamfontein for a period of five (5) years. 2019-07-15 11:00 RFB 022/ 19/ 20
Appointment of Panel of Experts to Assist The Department In Specialist IPTN-Related Fields for The Period of 36 Months. 2019-07-12 11:00 DOT/ 02/ 2019/ PT
Appointment of a Service Provider to Assist The Department With The Review of Legislation And Streamlining The Legislative Mandates of Road Traffic Management Corporation, The Cross Border Road Transport Agency, The South African National Roads Agency Limited, The Road Traffic Infringement Agency and The Road Accident Fund. Further More to Align all Those Legislation With The National Road Traffic Act. 2019-07-12 11:00 DOT/ 03/ 2019/ RT
Placement of automated serology / immunology analysers for Braamfontein for a period of five (5) years 2019-07-15 11:00 RFB 023/ 19/ 20
Provision of Office Accommodation: Ladysmith Local Office for a leased period of 5 years.(Leases ranging from seven to ten years will also be considered).The office space required should be a minimum of 300m² with six (6) parking bays. 2019-07-19 11:00 08/ 2019
Supply and delivery of promotional items nationally for a period of five (5) years. 2019-07-16 11:00 RFB006/ 19/ 20
Establishment of an INSETA Research Chair (RC) and Centre of Excellence (CoE) for research in Kwazulu Natal and Western Cape. 2019-07-10 11:00 Skills/ 2019/ 01
Appointment of a service provider for the supply, delivery and commissioning of one (1) gas chromatograph with flame ionization detector for the analytical services south laboratory in Stellenbosch. 2019-07-04 11:00 4.4.12.2/ 5/ 19
Thermo Scientific Nalgene Analytical test filter funnels 250 mL (0.45μm Cellulose nitrate filter membrane) (Case of 50).......x1; GE Whatman Binder free Glass microfiber filters, Grade 93-AH Circles (1.5μm particle retention size and 47mm membrane diameter) Pack of 100.........x2; GE Whatman Binder free Glass microfiber filters, Grade 93-AH Circles (0.7μm particle retention size and 47mm membrane diameter) Pack of 100.........x2; GE Whatman Binder free Glass microfiber filters, Grade 93-AH Circles (1.0μm particle retention size and 47mm membrane diameter) Pack of 100.........x2; Polyethersulfone membrane filters (0.2μm particle retention size and 47mm membrane diameter) Pack of 100........x2; Polyethersulfone membrane filters (0.45μm particle retention size and 47mm membrane diameter) Pack of 100......x2 2019-06-21 11:00 RFQ000337
Invitrogen: RNAlater Tissue Collection: RNA Stabilization Solution (250mL)...........x4; Invitrogen: Superoxide Dismutase (SOD) Colorimetric Activity Kit [Cat # EIASODC 192 tests]........x2; Invitrogen: Glutathione Colorimetric Detection Kit [Cat # EIAGSHC 384 tests]..........x1; Invitrogen: Catalase Colorimetric Activity Kit [Cat # EIACATC 192 tests]........x2 2019-06-21 11:00 RFQ000336
Appointment of service provider to deliver regulatory examinations (RE-5) workshops as well as to support candidates preparing to write examinations. 2019-07-09 11:00 ETQA/ 2019/ 01
Department of Agriculture requires supply, delivery and installation of a vacuum infiltration tissue processor 2019-07-15 11:00 BID 858 - 2019/ 2020

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10 things to remember when you tender

By Werner van Rooyen

31 January 2019

There are many things that you as a small business owner must remember when you respond to a tender and sometimes responding to a tender can be overwhelming. Experience has taught me that there are some important things to remember when responding to a Tender and there are some less important things to remember when responding to a Tender.

Here are ten of the important things to remember when responding to a Tender. Please remember that all ten of these items mention here are equal... Read More

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