WHEN TO USE: The
Teaming Agreement is used when two contractors desire to jointly prepare a
response to a Request For Proposal (RFP) and jointly deliver the project should
they be awarded the contract. The RFP issuer is referred to as the "Sponsor". In
the Teaming Agreement, one of the two contractors is defined as the "Prime
Contractor" and the other as the "Subcontractor". The Prime Contractor is
defined as having a greater responsibility for assembling the final proposal.
The sponsor can be a private company or an agency of the U.S. Federal
Government. This Teaming Agreement also aids in the definition of Work and
Profit for each contractor. This approach is particularly effective when the
strengths of two contractors combined can deliver a large and complex project. A
Teaming Agreement is a great way to define your business relationship for a
sophisticated RFP.
Total Page Count: 6 Pages
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