How to Nail a Construction Joint Venture (And Avoid Disaster)

Send us Fan Mail **🔗 LINKS** Visit the episode page for more details and a transcript of the show. Sign up for group coaching to get your Cash Flow MRI Get Profit First for Commercial Construction--OUT NOW! Subscribe to get notified as soon as new episodes go live.https://amzn.to/4iPdQ3w **ℹ ABOUT THIS EPISODE** Thinking about a joint venture to land that mega project? Before you shake hands, you need to know the risks.  In this episode, Wade Carpenter and Stephen Brown break down why contractors form joint ventures, how to choose the right partner, what a solid joint venture agreement must include, and the hidden dangers of joint and several liability.  Whether you're chasing a government contract or expanding into a new region, this episode helps you protect your cash flow and your company. **⌚️ Key moments in this episode:** - 00:00 Joint Venture vs. Vegas Wedding - 01:43 What Is a Joint Venture - 02:54 Why Contractors Team Up - 05:39 Owner and Government Drivers - 09:35 Due Diligence and Agreements - 12:01 Hidden Pitfalls and Controls - 15:45 Insurance Bonding Liability - 19:13 Choosing Partners for Success - 22:22 Final Takeaways and Wrap The Contractor Profit Blueprint is a complete guide that breaks down exactly how to identify where your money's going and start keeping more of it. This isn't theory. It's the same framework I use with contractors I work with every single day. Head to profitfirstconstruction.com/blueprint to download your free copy.  Stop working for free. Let's get you keeping what you've earned. Join the Profit First for Construction community! Find all episodes and related links at ContractorSuccessForum.com. Join the conversation on our LinkedIn page: https://www.linkedin.com/company/CarpenterCPAs     **FIND US ONLINE** Wade Carpenter, CPA, CGMA | CarpenterCPAs.com Stephen Brown, Bonding Expert | SuretyAnswers.com