DBE/ACDBE Participation in Joint Ventures - Metropolitan ...
DBE/ACDBE Participation in Joint Ventures - Metropolitan ...
DBE/ACDBE Participation in Joint Ventures - Metropolitan ...
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Comb<strong>in</strong>e their property, capital,<br />
efforts, skills and knowledge<br />
• Each party <strong>in</strong> a JV should br<strong>in</strong>g real and<br />
substantial value to the jo<strong>in</strong>t venture<br />
enterprise<br />
• The parties should contribute:<br />
– capital commensurate with their ownership <strong>in</strong>terest,<br />
– knowledge and skills relative to the portion of the<br />
JV’s bus<strong>in</strong>ess for which they are responsible, and<br />
– efforts whose value is objectively apparent and<br />
verified by the airport.<br />
Jo<strong>in</strong>t Venture Guidance<br />
November 13, 2009<br />
Federal Aviation<br />
Adm<strong>in</strong>istration