Joint venture or sub contracting

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

10 September 2012 Dear Friends,

One of my clients – say Mr. A is going to start with Electrical and Plumbing work for building under construction.
Contract is between builder and Mr. A.
Now Mr. A wants to sub contract the labour job work to another contactor. Mr. B.
Query:
1. Whether Mr. A can go for Joint venture with Mr.B.
2. Or Sub contracting with B.
Basically I want to know difference between JV & sub contact.
Also suggest which more beneficial to Mr.A.
If possible list out the formalities / document require in query 1 & 2.

With best regards.

Amol S Joglekar

Amol S Joglekar (Expert)
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11 September 2012 when A and B come together and share the responsibility, it shall be called as JV. When A is responsible for the said contract and A gets the work done from B, it may be a sub contract

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