Common Contracts
1 similar null contracts
MEMORANDUMDecember 1st, 2020
Teaming agreements are contractual agreements commonly used in the government contracting space.1 Firms bidding on government contracts frequently include the services of other businesses in project proposals as a way to offer expertise or technical capacity that the prime contractor could not offer alone.2 Those prime contractors usually encourage other organizations to team with them with the prospect of a future subcontract of work if the team wins the bid.3 In the contracting space, binding teaming agreements allow the parties to lay out the rights and responsibilities of both primary contractors and potential subcontractors during the bidding process.4
