When two or more licensees wish to jointly submit a bid, they must first:

When multiple licensees intend to submit a bid together, they are required to secure an additional license to operate as a joint venture. This is important because it ensures that all parties involved in the joint bid are properly licensed and authorized to work together on the project. A joint venture operates as a formal agreement where two or more contractors collaborate, allowing them to pool their resources, knowledge, and skills to fulfill the requirements of the project.

This requirement serves to protect the interests of the project owner and ensures compliance with local laws and regulations governing contractor licensing. By obtaining a joint venture license, the contractor team is recognized legally, allowing them to bid together under a shared license that pertains specifically to their collaborative efforts on the job. Without this additional license, the bid may be deemed invalid, which could cause complications in the bidding process or project execution.

The other options do not align with the legal requirements for bidding as a joint venture, as notifying the board or project owner does not fulfill the licensing criteria, nor does simply applying for a temporary increase in monetary bid limit.