One of the less commonly known avenues a certified WOSB (Women-Owned Small Business) can take is to form a joint-venture agreement with another firm to better compete for federal contracts. The opportunities for WOSB firms using joint ventures are large, especially if the partner firm is certified in a different set-aside i.e., SDVOSB or HUBZone certified, providing the opportunity for the JV to bid on those contracts also.

The average active WOSB/EDWOSB firm has $1.3MM per year in sales. Therefore, joining with another firm to form a joint venture can have significant sales implications for Women-Owned Small Businesses. Joint ventures are a terrific way to build past performance while gaining the ability to compete for larger contracts.

If you have interest in exploring your firm’s eligibility and potential utilizing joint venture, I always recommend contacting an industry expert such as Fedvital or ez8a. Neither charge for an initial consultation.