Joint Bidding Agreement
(Contingency to Execute Joint Venture Agreement)

Summary

This joint bidding agreement template may be used by two parties wishing to prepare and submit a joint bid to complete a project and includes a contingency to execute a joint venture agreement. This template includes practical guidance and drafting notes. In addition to detailing the requirements for preparing and submitting a bid, the agreement provides that if the joint bid is successful, the parties will enter into a formal joint venture agreement for completion of the project. This template contemplates an underlying construction project, but it may be modified for use in connection with other project types. For additional guidance, see Drafting a Contractual Joint Venture Agreement and Key Provisions in Joint Venture Agreements.