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  1. frank.watson

    Buy Indian Act- Joint Ventures (Populated JV)

    frank.watson posted a post in a topic in Small Business, Socioeconomic Programs
    Morning everyone- Quick question regarding Joint Ventures. Can one be formed and qualify as a "Indian economic enterprise" to quailify for a bid on a competitive RFP thats coming out under the buy indian act? I understand the rules of ownership etc on the JV but I am more seeing if/how the JV would have to be structured from a ownership standpoint to qualify for the Buy Indian set aside. (The majority owner of the JV is a 100% tribally owned entity) Reading the FAR and other regulations I note that the requirement for SUBCONTRACTED labor is 50% to a native business if awarded under the by indian act. Which in turn means you could only subcontract 24.5% to a non native business period. Seems like if you entered into a populated JV 51/49% ownership with a non native business you would be circumventing the rule? Thoughts?