Woman Owned Small Business Joint Venture Stats
One of the less commonly known avenues a certified WOSB (Woman 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. Below are the numbers for 2021 for WOSB Joint Ventures.
|
Type of WOSB |
Number of JVs |
Total Revenue |
Average Revenue |
|
EDWOSB (Economically Disadvantaged) |
107 |
567,605,246 |
5,304,722 |
|
WOSB |
68 |
161,451,687 |
2,374,290 |
|
Combined |
175 |
729,056,933 |
4,166,039 |
The rules for revenue sharing for a WOSB joint venture are as follows.
|
Category |
Maximum Amount non-WOSB firm can receive from the government |
|
Service Contracts |
50% |
|
Product Contracts |
50% |
|
Construction Contracts |
85% |
|
Specialty Trade Contracts |
75% |
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 Woman Owned Small Businesses. Joint ventures are a terrific way to build past performance and gain the ability to compete for larger contracts.
One of the less commonly known avenues a certified WOSB (Woman 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. Below are the numbers for 2021 for WOSB Joint Ventures.
|
Type of WOSB |
Number of JVs |
Total Revenue |
Average Revenue |
|
EDWOSB (Economically Disadvantaged) |
107 |
567,605,246 |
5,304,722 |
|
WOSB |
68 |
161,451,687 |
2,374,290 |
|
Combined |
175 |
729,056,933 |
4,166,039 |
The rules for revenue sharing for a WOSB joint venture are as follows.
|
Category |
Maximum Amount non-WOSB firm can receive from the government |
|
Service Contracts |
50% |
|
Product Contracts |
50% |
|
Construction Contracts |
85% |
|
Specialty Trade Contracts |
75% |
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 Woman Owned Small Businesses. Joint ventures are a terrific way to build past performance and gain the ability to compete for larger contracts.