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FAQ:
How does a joint venture work in construction?
Joint venture land deals are usually established by an agreement between two or more contractors & land owners to jointly execute a certain construction project.
Why do construction companies do joint ventures?
Top 10 Advantages of Joint Ventures:
1. Shared investment
2. Shared expenses
3. Technical expertise and know-how
4. New market penetration
5. New revenue streams
6. Lowers the cost of capital,
7. Enjoyed by all the parties in the JV
8. Build market credibility
9. Avoid competition and pricing pressure
10.Improved economies of scale
