Some contracts with the federal government may be complex in the scope of work and may require interested vendors to partner with another company to perform the work to the government’s specifications.
What are Teaming Agreements?
Teaming agreements, or teaming arrangements, are temporary business partnerships between two or more independent companies that come together to pursue and execute a competitive bid contract. These arrangements typically involve one company taking on the role of the lead contractor (or Prime vendor) and the other(s) supporting as a subcontractor(s). This structure enables the companies to leverage their combined skills, expertise, and resources to meet the government's requirements and specifications more effectively.