Best Practice


Teaming Agreement Strategies: When The Small Business Is The Prime Contractor

In the last issue of this magazine we discussed the best strategies for structuring and negotiating teaming agreements in the federal contracting arena when the small business is the subcontractor and the large business is the prime contractor. For purposes of review, a teaming agreement is a document that formalizes a relationship between two or more businesses, either as a joint venture or as a prime contractor -subcontractor relationship in which one of the team members agrees to be the prime contractor and one or more of the other teaming partners agrees to be the subcontractor(s) in the mutual pursuit of a contract with the Federal government. When the small business is the potent....