EJCDC Adds Teaming Component to Revised Joint Venture Agreement
Recognizing that firms are in many cases teaming with others to pursue business opportunities, the Engineers Joint Contract Documents Committee (EJCDC) has added a Teaming Agreement to a new revised version of the joint venture document. The EJCDC E-580, Teaming Agreement to Pursue Joint Business Opportunity and Joint Venture Agreement Between Engineers has two components—the Teaming Agreement can be used for two firms that wish to join together to pursue an opportunity to obtain work, and the Joint Venture Agreement can be used to define the relationship of the firms when they are providing professional services to a client.
EJCDC documents can be obtained at the online stores of the four sponsoring organizations of EJCDC: the American Society of Civil Engineers (ASCE), the Associated General Contractors of America (AGC), the National Society of Professional Engineers (NSPE), and the American Council of Engineering Companies (ACEC). They can also be purchased at www.ejcdc.org.