A joint venture (JV) is a partnership between one or more businesses to take on a commercial enterprise. JVs have been used in the construction industry for years, but have become increasingly common as projects continue to become larger, more complicated and more specialized.  JVs provide the benefits of collaboration and risk-sharing while allowing construction companies to maintain their corporate independence. While the opportunities presented by JVs are enticing, contractors, bond producers and sureties providing bonds to the joint venture must understand and carefully consider a number of factors before taking the leap into the world of joint ventures. This course is intended for bond producers and all bond department employees at all levels of experience.