0680-01-.11
Joint Ventures
Cite as Tenn. Comp. R. & Regs. 0680-01-.11
(1)
A joint venture provides a means by which licensed contractors may combine their monetary
limitations in order to undertake a larger project than each would otherwise be able to
perform as separate contractors. No contractor may participate in a joint venture unless:
(a)
He is licensed in a classification which is a necessary and integral part of the total
project; and
(b)
The monetary limitation on such classification is equal to or greater than the portion of
the total cost of the project involving that classification.