How does a joint venture qualify as an SDVOSB?
A joint venture’s ability to qualify as an SDVOSB primarily centers on control of the joint venture. The SDVOSB must be the managing venturer, an employee of the SDVOSB must be the project manager, 51% of the net profits of the joint venture must go to the SDVOSB, and the SDVOSB must retain the joint venture’s original records. A joint venture of at least one SDVOSB and oneor more other business concerns may submit an offer as a small business for a competitive SDVOSB procurement so long as each concern is small under the size standard corresponding to the North American Industry Classification System code assigned to the contract. (See 13 C.F.R. 125.15).