In the big business of government contracting, it is common for competitors to also be teammates for a period of time. Team arrangements can encourage innovative solutions, promote competition and allow contractors access to corners of the market that might otherwise be closed.
Team arrangements between contractors also can result in significant profits to each contributing company, as well as increased capability and know-how that can be leveraged by each contractor for future projects. The potential benefits, however, do not come without risk. Absent a carefully thought-out agreement, parties may find themselves in a situation where competitors turn on each other.
Keep reading this article to learn about common pitfalls: http://www.expressnews.com/business/local/article/Guest-Voices-Government-contracting-When-6541435.php
