Teaming agreements can be the key to unlocking new opportunities in federal contracting. These strategic partnerships allow businesses to combine their strengths and resources to win competitive contracts. But what exactly are teaming agreements, and how do you ensure compliance with SBA rules? Let’s explore.
What Are Teaming Agreements?
Teaming agreements, or teaming arrangements, are temporary partnerships between two or more independent companies that come together to pursue a competitive bid for a federal contract. Typically, one company acts as the prime contractor, and the other(s) serve as subcontractors. This collaboration allows businesses to leverage their combined skills, expertise, and resources to meet the government’s requirements effectively.