Section 7029.1 - Award of contract jointly without joint venture license(a) Except as provided in this section, it is unlawful for any two or more licensees, each of whom has been issued a license to act separately in the capacity of a contractor within this state, to be awarded a contract jointly or otherwise act as a contractor without first having secured a joint venture license in accordance with the provisions of this chapter.(b) Prior to obtaining a joint venture license, contractors licensed in accordance with this chapter may jointly bid for the performance of work covered by this section. If a combination of licensees submit a bid for the performance of work for which a joint venture license is required, a failure to obtain that license shall not prevent the imposition of any penalty specified by law for the failure of a contractor who submits a bid to enter into a contract pursuant to the bid.(c) A violation of this section constitutes a cause for disciplinary action.Ca. Bus. and Prof'l. Code § 7029.1
Amended by Stats 2003 ch 607 (SB 1077), s 32, eff. 1/1/2004.