{"id":45,"date":"2021-04-05T18:04:54","date_gmt":"2021-04-05T18:04:54","guid":{"rendered":"http:\/\/lucanus.dk\/?page_id=45"},"modified":"2021-04-05T18:04:54","modified_gmt":"2021-04-05T18:04:54","slug":"joint-venture-consortium-management","status":"publish","type":"page","link":"https:\/\/lucanus.dk\/?page_id=45","title":{"rendered":"Joint Venture \/ Consortium Management"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Many projects on the architect+engineering side or the contractor side is organised as project joint ventures or project consortiums to be able to deliver the project to the client. Either because the client wants a one-stop-shop contract, be able to have sufficient technical skills to deliver the project, risk spreading or to comply to financial performance.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">To be able to deliver a full project the joint venture partners\/consortium partners are often very uneven in number of employees, technical performance, have very different financial performance or will only deliver their services in a limited timespan. And often the back office processes tend to be a little neglected as the partners is focused on the deliveries.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Lucanus can assist your joint venture or consortium with&nbsp;full&nbsp;<strong>joint venture management<\/strong><strong>&nbsp;<\/strong>or handle individual processes. We act as the&nbsp;<strong>independent representative<\/strong>&nbsp;on behalf of&nbsp;all the partners in&nbsp;the joint venture\/consortium, making sure that all the partners receive transparent and updated information, handle payments &amp; cash flow and mitigating discrepancies among the partners making sure they don&#8217;t turn into real disputes.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">We take care of the&nbsp;back office process\u00b4 so the partners can focus on what they are best at: their core business. Our services includes:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Assisting with contractual foundation, agreed documents, work split, fee split, risk split and standard operating&nbsp;procedures&nbsp;in cooporation with the partners and their individual advisors and lawyers.<\/li><li>Manage cash flow from the client account to the individual partners based on their inter partes accord, making sure that payments isn&#8217;t delayed and by that reduce the partners need for working capital and financial risk.<\/li><li>Monthly or quarterly status reports&nbsp;on economy, progress, risk and deliveries based on the&nbsp;contracts, project schedule and business plan for the joint venture \/ consortium.<\/li><li>Organizing and&nbsp;manage&nbsp;steering committee or board meetings,&nbsp;secretary for the board\/steering committee as well as agendas, presentations and minutes-of-meetings.<\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"592\" height=\"665\" src=\"https:\/\/lucanus.dk\/wp-content\/uploads\/2021\/04\/Joint-Venture-Management.png\" alt=\"\" class=\"wp-image-28\" srcset=\"https:\/\/lucanus.dk\/wp-content\/uploads\/2021\/04\/Joint-Venture-Management.png 592w, https:\/\/lucanus.dk\/wp-content\/uploads\/2021\/04\/Joint-Venture-Management-267x300.png 267w\" sizes=\"auto, (max-width: 592px) 100vw, 592px\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Many projects on the architect+engineering side or the contractor side is organised as project joint ventures or project consortiums to be able to deliver the project to the client. Either because the client wants a one-stop-shop contract, be able to have sufficient technical skills to deliver the project, risk spreading or to comply to financial [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-45","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/lucanus.dk\/index.php?rest_route=\/wp\/v2\/pages\/45","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lucanus.dk\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/lucanus.dk\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/lucanus.dk\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lucanus.dk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=45"}],"version-history":[{"count":1,"href":"https:\/\/lucanus.dk\/index.php?rest_route=\/wp\/v2\/pages\/45\/revisions"}],"predecessor-version":[{"id":46,"href":"https:\/\/lucanus.dk\/index.php?rest_route=\/wp\/v2\/pages\/45\/revisions\/46"}],"wp:attachment":[{"href":"https:\/\/lucanus.dk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=45"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}