What Is a Joint Venture (JV) and Why Use One?

October 18, 2025

What is a Joint Venture, and why would you want one?

Need extra skills, scale or qualifications to tender for or manage a big project? A Joint Venture (JV) could be the solution.

A JV is an agreement between two or more businesses to collaborate on a defined project, sharing risks, rewards, and resources. It’s not a separate legal entity, but a strategic partnership.

Benefits of forming a JV include:

  • Shared risk and capital outlay
  • Greater appeal to government or large corporate clients (especially for multi-skill or multi licence/permit requirement projects)
  • Access to new opportunities that may be out of reach solo
  • Resourcing flexibility and cost efficiency during the bid phase

For governments, it also means more value and better performance guarantees, with two or more entities backing the contract.


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