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Joint Ventures
- Discussion relating to the past and present operations of the NYC Subway, PATH, and Staten Island Railway (SIRT).
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Could you explain the question a bit more? Not sure what you are asking...
DaveBarraza wrote:Could you explain the question a bit more? Not sure what you are asking...I think "joint ventures" are contracts in which multiple private contractors team on a project (such as Skanska), rather than NYCT in-house.
Since my friend continues to chain smoke nonstop, she is probably an Alco.
R36 Combine Coach wrote:I think "joint ventures" are contracts in which multiple private contractors team on a project (such as Skanska), rather than NYCT in-house.Which is quicker?
In a prefect world, contractors would never have to team up since every alliance carries with it some internal politics/ power struggles. JV's are formed when a project is very large, or when there is a high degree of engineering risk.
JV's bid on large projects to meet bonding requirements, or simply to meet the scale of work. JV's on a risky project spread the risk around between the multiple contractors. Sometimes multiple companies form a JV because they feel their strengths combine in a way that would be very difficult for competitors to match.
I don't think that JV's make contracts run any faster or slower than if a single bidder had won them.
...my 2 cents.
JV's bid on large projects to meet bonding requirements, or simply to meet the scale of work. JV's on a risky project spread the risk around between the multiple contractors. Sometimes multiple companies form a JV because they feel their strengths combine in a way that would be very difficult for competitors to match.
I don't think that JV's make contracts run any faster or slower than if a single bidder had won them.
...my 2 cents.