DBE Joint Venture definition

DBE Joint Venture means an association a DBE firm and one (1) or more other firm(s) to carry out a single business enterprise for profit for which purpose they combine their property, capital, efforts, skills and knowledge, and in which the DBE is responsible for a distinct, clearly defined portion of the work of the contract and whose share in the capital contribution, control, management, risks and profits of the joint venture are commensurate with its ownership interest.
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DBE Joint Venture means an association of a DBE firm and 1 or more other firm(s) to carry out a single business enterprise for profit for which purpose they combine their property, capital, efforts, skills and knowledge, and in which the DBE is responsible for a distinct, clearly defined portion of the work of the Contract and whose share in the capital contribution, control, management, risks, and profits of the joint venture are commensurate with its ownership interest.
Sample 1Sample 2Sample 3
DBE Joint Venture means an association of a DBE firm and 1 or more other firm(s) to carry out a single business enterprise for profit for which purpose they combine
Sample 1Sample 2Sample 3

Examples of DBE Joint Venture in a sentence

  • If the Bidder is a DBE Joint Venture, each Joint Venture partner must provide the attestation to the DBE Utilization Plan, Form 2026.

  • In addition to the standard pre-qualification process, there is a specific DBE Joint Venture Application Form.

  • DBE Joint Venture is an association between two or more persons, partnerships, corporations, or any combination thereof, formed to carry on a single business activity.

  • The DBE Joint Venture Application form will be provided by ODOT Procurement Office - Construction Contracts Unit, at the address specified on the "Description of Work" page in the Bid Booklet; phone (503) 986- 6916.

  • If the bidder is a DBE Joint Venture, each Joint Venture partner must provide the attestation to the DBE Utilization Plan, Form 2026.

  • If the Work has been subcontracted to another DBE, it will be counted as DBE participation for that other DBE.C. DBE Joint Venture Partner.

  • The CRPM and ITD Legal Counsel must approve all DBE Joint Venture agreement(s) before the execution of any contract.

  • The DBE Joint Venture Application form will be provided by ODOT Procurement Office - Construction Contracts Unit; 455 Airport Road S.E., Building K; Salem, Oregon 97301-5348; phone (503) 986-6916.

  • A Joint Venture may also count the dollar value of work subcontracted to DBEs other than the DBE Joint Venture partner(s).

  • In cases where you may have had a DBE Joint Venture partner on other projects, explain in detail your equity commitments and whether you kept them.


More Definitions of DBE Joint Venture

DBE Joint Venture means an association of a DBE firm and one or more other firms to carry out a single, for profit business enterprise, for which the parties combine their property, capital, efforts, skills, and knowledge, and in which the DBE is responsible for a distinct, clearly defined portion of the work of the contract and whose share in the capital contribution, control, management, risks, and profits of the joint venture to a degree commensurate with its ownership interest. The DEPARTMENT’s Civil Rights Office prior to bid opening must approve a DBE joint venture in order to be utilized for the satisfaction of contract DBE goals. A DBE Joint Venture application must be submitted allowing ample lead-time for the Civil Rights Office to review, evaluate, and verify the information provided for in the application. An interview of the applicant may be necessary at the discretion of the DEPARTMENT prior to approval of the application. If an interview is deemed necessary it will be scheduled at the convenience of all parties.
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DBE Joint Venture means an association of a DBE firm and one or more other firms to carry out a single, for profit business enterprise, for which the parties combine their property, capital, efforts, skills, and knowledge, and in which the DBE is responsible for a distinct, clearly defined portion of the work of the contract and whose share in the capital contribution, control, management, risks, and profits of the joint venture to a degree commensurate with its ownership interest. The DBE Joint Venture must follow the directions found in the Joint Venture Bidding Process. This process is located at the following link:http://eprpw.dot.utah.gov/applets-production/ProjectExplorer/ProjectExplorer.asp then click on EBS Information. The DEPARTMENT’s Civil Rights Office prior to bid opening must approve a DBE Joint Venture in order to be utilized for the satisfaction of contract DBE goals. For DBE participation counted towards goal see 49 CFR Part 26.55.
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Related to DBE Joint Venture

  • consortium or joint venture means an association of persons for the purpose of combining their expertise, property, capital, efforts, skill and knowledge in an activity for the execution of a contract;

  • Joint Venture means a joint venture, partnership or other similar arrangement, whether in corporate, partnership or other legal form; provided, in no event shall any corporate Subsidiary of any Person be considered to be a Joint Venture to which such Person is a party.

  • Joint Venture (JV means an association with or without a legal personality distinct from that of its members, of more than one Consultant where one member has the authority to conduct all business for and on behalf of any and all the members of the JV, and where the members of the JV are jointly and severally liable to the Procuring Entity for the performance of the Contract.

  • Permitted Joint Venture means, with respect to any specified Person, a joint venture in any other Person engaged in a Similar Business in respect of which the Borrower or a Restricted Subsidiary beneficially owns at least 35% of the shares of Equity Interests of such Person.

  • Joint Venture Agreement has the meaning set forth in the Recitals.

  • Partnership has the meaning set forth in the preamble of this Agreement.

  • Enterprise means the Company and any other corporation, constituent corporation (including any constituent of a constituent) absorbed in a consolidation or merger to which the Company (or any of its wholly owned subsidiaries) is a party, limited liability company, partnership, joint venture, trust, employee benefit plan or other enterprise of which Indemnitee is or was serving at the request of the Company as a director, officer, trustee, general partner, managing member, fiduciary, employee or agent.

  • JV Entity means any joint venture of the Borrower or any Restricted Subsidiary that is not a Subsidiary.