What is different between Bridging vs Joint Ventures?
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A startup wants to build a new hq through design-build. They may first hire an architect to act as a bridging consultant to define the program (how many conference rooms needed?), to help the client select a winning design-build firm, and act as owner’s rep through construction….because when the architect and contractor are teammates (as is the case in design-build), there are advantages (speed, coordination, constructability , less finger-pointing between architect and contractor)…but there’s not really anyone with expertise holding the contractor accountable the way you would find in traditional design-bid-build. Enter the bridging consultant: an architect under a separate contract to assist the owner free of split loyalties.
A joint venture: two different companies that temporarily join forces to, for instance win a project (could be an architect and contractor forming a design-build firm to bid on a project). The joint venture becomes its own (temporary) legal entity—its own company (LLC, etc). JV is more formal than a strategic alliance (which doesn’t trigger a new legal entity) and less formal than a partnership or merger (more permanent melding of two companies into one).Michael Ermann, Amber Book creator
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