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Joint Venture
Building Your Visions.
Creating Shared Realities.
A Joint Venture is a strategic partnership between two or more parties to collaborate on a specific construction project. By combining resources, expertise, and strengths, we deliver successful outcomes while sharing risks and rewards.
Unlock Opportunities Through Joint Ventures
There are various types of joint ventures, including equity joint ventures where partners share ownership and profits; contractual joint ventures based on specific agreements; and cooperative joint ventures where parties collaborate without forming a new entity, pooling resources for mutual benefit and project success.
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Faq
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A joint venture (JV) in construction is a strategic partnership between two or more companies to undertake a specific construction project. Each party contributes resources such as capital, equipment, expertise, or labor and shares the profits, risks, and responsibilities.
Liability is shared among the JV partners as per the terms of the agreement. Each party is typically accountable for the risks associated with their assigned responsibilities.
Most construction joint ventures are project-specific and last until the completion and handover of the project. Some may evolve into long-term partnerships depending on mutual interest.
Responsibilities are defined in a joint venture agreement. They typically include roles in planning, financing, execution, procurement, and project management, distributed based on each partner’s strengths and contributions.
Profit sharing is agreed upon in the JV contract, usually based on each party’s investment, contribution, or negotiated terms.
Liability is shared among the JV partners as per the terms of the agreement. Each party is typically accountable for the risks associated with their assigned responsibilities.