R916-2-4. Joint Venture

  (1) Joint ventures must submit a letter of intent to the Department's Prequalification Board Specialist prior to bidding as a joint venture. The letter must state whether the joint venture partners intend to bid on a single project, or on multiple projects. If the intent is to bid on a single project, the letter of intent must identify the project by the Departments project number. If the intent is to bid on multiple projects, the letter must request approval to bid as a continuing joint venture. Approval to bid as a continuing joint venture will expire one year after the date the Department grants approval. Joint ventures must submit their letter of intent together with an executed copy of their joint venture agreement at least 20 working days before the scheduled bid opening, or the first scheduled bid opening a continuing joint venture intends to bid. The Department will consolidate individual prequalification amounts for joint venture bids or proposals.

  (2) Applicants must obtain the following under the joint venture designation before bid openings:

  (a) Bid bond; and

  (b) UDOT Contractor identification and password.