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Prime Joint Venture
Contacts
DCAMM Contractor Certification Office
The Details of Prime Joint Venture
What you need for Prime Joint Venture
A Joint Venture Certificate of Eligibility is valid only for the specific project identified on the Joint Venture Certificate of Eligibility.
At least one Joint Venture participant must be certified by DCAMM in the Category of Work for which certification is sought. The Joint Venture share of the individual venturer certified in the requested Category of Work must be at least 30 percent.
To apply for a Joint Venture, Submit the completed joint venture application with all supporting documentation
Joint Venture Capacity Ratings
Single Project Limit:
The Single Project Limit of the Joint Venture shall be limited to the sum of the participants' individual Single Project Limits or 150 percent (150%) of the larger contractor’s Single Project Limit, whichever is less. Additionally, the Single Project Limit may not exceed the per-project bonding capacity of the Joint Venture. However, the dollar value of each venturer's participation, based on its proportionate share of the joint venture and the estimated construction cost of the project, may not exceed such venturer's Single Project Limit by more than 30 percent.
Aggregate Work Limit:
The Aggregate Work Limit of the Joint Venture shall be the total of the participants’ individual Aggregate Work Limits, but may not exceed the aggregate bonding capacity of the joint venture. Additionally, the dollar value of each venturer’s participation, based on its proportionate share of the Joint Venture and the estimated construction cost of the project, may not exceed such venturer’s Aggregate Work Limit by more than 30 percent.
Fees for Prime Joint Venture
There is no fee associated with this service.
How to log in Prime Joint Venture
For Faster Processing:
The completed Joint Venture Application and all required documentation should be submitted through your DCMS account
Next steps for Prime Joint Venture
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Download these documents
You should collect and complete these documents before you start your online application.
Open PDF file, 143.34 KB, Joint Venture Authorized Signatory (English, PDF 143.34 KB)Open PDF file, 200.29 KB, Prime Joint Venture Checklist (English, PDF 200.29 KB)Submit Prime Joint Venture Online Application
Log in to your DCMS account
Submit Prime Certificates of Eligibility for each participant
For a Joint Venture to be eligible for certification in a specific category, at least one participant must be certified in the requested category, and the proportionate share of that individual participant must be at least 30%
Submit Completed Prime Update Statements for each participant
Open PDF file, 464.68 KB, Prime Update Statement (English, PDF 464.68 KB)Submit Executed Joint Venture Agreement
Pre-bid agreements are not acceptable. The agreement signed by an authorized signatory for each venturer. Each signature must be witnessed.
The agreement must contain the following:
a) The name of the joint venture (e.g. ABC Construction/XYZ Construction, A Joint Venture)
b) The name and address of the managing partner
c) A breakdown of the proportionate shares of each participant in the Joint Venture (i.e. the percentage interest in profits and assets or respective share in losses and liabilities that result from the venture). The dollar value of each participant’s share of the venture may not exceed the participant’s individual single project and aggregate limits by more than 30%.
d) The following clause: “Notwithstanding any agreements between the joint venturers, each party of the joint venture shall be jointly and severally responsible to the owner for all contractual undertakings of the joint venture.”Submit a bonding letter from a surety company licensed to do business in Massachusetts
The bonding company must be listed on the US Treasury Approved Surety list indicating that the Joint Venture, as an entity, is bondable for a single limit in at least the amount of the estimated construction cost.
Contact for Prime Joint Venture
Address
1 Ashburton Place, 15th Floor, Boston, MA 02108Online
Fax
Certification Office Fax (617) 727-5363Related
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