Rules & Regulations of the State of Tennessee
Title 0680 - Board for Licensing Contractors
Chapter 0680-01 - Licensing
Section 0680-01-.11 - JOINT VENTURES
Universal Citation: TN Comp Rules and Regs 0680-01-.11
Current through September 24, 2024
(1) A joint venture provides a means by which licensed contractors may combine their monetary limitations in order to undertake a larger project than each would otherwise be able to perform as separate contractors. No contractor may participate in a joint venture unless:
(a) he is licensed in a
classification which is a necessary and integral part of the total project;
and
(b) the monetary limitation on
such classification is equal to or greater than the portion of the total cost
of the project involving that classification.
Authority: T.C.A. § 62-609.
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