Why are there instances where two or more contractors form themselves into joint venture agreement to participate in the bidding for a project?

Fundamentals Of Construction Estimating
4th Edition
ISBN:9781337399395
Author:Pratt, David J.
Publisher:Pratt, David J.
Chapter8: Pricing Generally
Section: Chapter Questions
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Why are there instances where two or more contractors form themselves into joint venture agreement to participate in the bidding for a project?

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