JOINT VENTURE, TEAMING, AND MENTOR-PROTÉGÉ PROGRAMS
A.TCCD will encourage joint ventures, teaming arrangements, and mentor-protégé programs to ensure prime contracting opportunities for Small M/WBE firms on eligible projects. For example, at some public entities, Small M/WBE firms perform a minimum of 30% of the work assigned to this joint venture contract. The Joint Venture, Teaming, and Mentor-Protégé provide professional guidance to the protégé and promote growth and development and an increase in opportunities.
B.If a Contractor or Consultant engages in a joint venture, teaming arrangement, or mentor-protégé program to satisfy the Small M/WBE commitment, TCCD will have access to and may review, evaluate, and accept or reject all contractual agreements and other pertinent documents regarding the following:
Initial capital investment of each venture partner or team member;
Allocation of profits and losses to each venture partner or the participation percentage to each team member;
Sharing of the right to control the ownership and management of the joint venture or team;
Actual participation of venture partners in the performance of the contract;
Method of, and responsibility for, accounting;
Methods by which disputes are resolved; and
Other pertinent joint venture or teaming arrangement factors.
Contractor’s equal business opportunity commitment, to the mentor protégé relationship.
Protégé firm must be NCTRCA certified.
A written mentor-protégé agreement must be completed by both parties engaged in the mentor-protégé arrangement and must be executed before a notary public. The agreement will clearly delineate the rights and responsibilities of each mentor-protégé and for their assigned contracting activity. Parties must agree to enter into the relationship for a minimum of one year.
Protégé firm will not be permitted to re-subcontract any of its work to the mentor firm. The protégé firm will not re-subcontract or reassign any of its work to any other Contractor without TCCD’s prior written approval.
Protégé firms may be used to satisfy up to 100 percent of the total Small M/WBE goal for any contracted project or service.