Ohio Admin. Code 5501:2-3-06 - Joint venture bids
(A) When two or more persons, partnerships,
limited liability companies or corporations bid jointly on a project, such bid
is a "joint venture bid."
(B)
Joint venture bidders must complete a joint venture application for
qualification not less than five days before bids are opened if all joint
venture partners hold certificates as individuals or not less than thirty days
before bids are opened if a joint venture partner does not hold a certificate.
Joint venture bidders may make application to receive a joint venture
certificate of qualification and may use the joint venture certificate of
qualification for a period of time not to exceed the expiration date of any
joint venture partner. All joint venture applications must be in writing on
such forms as may be prescribed by the director, must be signed by all joint
venture partners, and must include the following information:
(1) The name of an individual who shall have
power of attorney to act for and bind all of the joint venture partners, which
power of attorney shall be filed with the signed contract; and
(2) The mailing address and street address of
the joint venture.
(C)
In any joint venture the contract, contract bond and all insurance shall be in
the name of the joint venture and shall be binding on and apply to all members
of the joint venture jointly and severally.
(D) The joint venture entity shall obtain a
new tax identification number in accordance with the regulations of the United
States internal revenue service.
(E) Each joint venture partner will receive a
contractor evaluation for each project that it performs. The evaluation score
will be added to each joint venture partner's yearly scores in order to
determine each partner's multiplying factor.
Notes
Promulgated Under: 119.03
Statutory Authority: 119.03, 5525.05
Rule Amplifies: 5525.01, 5525.02, 5525.03, 5525.04, 5525.05, 5525.06, 5525.07, 5525.08, 5525.09
Prior Effective Dates: 01/15/1964, 01/01/1998, 07/01/2002, 03/19/2010
Promulgated Under: 119.03
Statutory Authority: 5525.05
Rule Amplifies: 5525.01, 5525.02, 5525.03, 5525.04, 5525.05, 5525.06, 5525.07, 5525.08, 5525.09
Prior Effective Dates: 1/15/64, 1/1/98, 7/1/02, 3/19/10
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