Current through Register Vol. 54, No. 49, December 7, 2024
Section 457.15 - Joint venture bids(a)Permissible combination. A combination of contractors which combination shall be limited to three participants unless otherwise stated in the proposal, and each of whom is prequalified in accordance with this chapter, shall be permitted to bid jointly. Equal proportionate amounts of joint-bid shall be charged against the maximum capacity rating of each participant in a joint venture, unless otherwise indicated by the bidders in their proposal.(b)Joint and several responsibility. If a joint venture proposal is submitted, it shall be considered to be a proposal by each of the joint participants, jointly and severally, for the performance of the entire contract as a joint venture in accordance with the terms and conditions of the proposal.(c)Minimum performance capability. Each participant in a joint venture shall be capable of performing at least 50% of the original contract price of the participant's portion of the joint venture, or the bid will be rejected.The provisions of this § 457.15 adopted September 21, 1973, effective 9/22/1973, 3 Pa.B. 2133; amended November 28, 1980, effective 11/29/1980, 10 Pa.B. 4470; amended April 11, 1997, effective 7/1/1997, 27 Pa.B. 1798. This section cited in 67 Pa. Code § 457.5 (relating to classification).