Construction joint ventures: Texas style
June 5, 2017
Joint ventures are a good way to grow a construction business, particularly when dealing with large and mega-projects.
With a growing economy and the current administration in Washington, D.C. stating its commitment to repairing America’s infrastructure, construction projects are on the rise. Joint ventures have been effectively used in the Texas market and elsewhere to enable contractors to respond to large project bids. By utilizing a joint venture format, contractors may be able to easily expand within a specific market without having to borrow a significant amount of funds or look for outside investors. By joining together, construction firms can have the opportunity to maximize their areas of expertise and profits while remaining flexible.