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Building a Successful Relationship with Joint Venture Partners

The purpose of this quick survey is to better understand the ingredients to building and sustaining
successful relationships with JV partners. After initial survey results have been compiled there may be
a second round of questions to dive deeper into what was found from this round of questions.

Please complete one form for each joint venture you have been in a key management role in during
the past five years. The multiple columns on the form are included for joint ventures where more than
one partner was involved.

Project Name (Generic)
Owner/Client (Public, Private;
US or Non-US)
Your Personal Role(PM; Eng.
Mgr, etc.)
Project Status
(Complete/Ongoing/Litigation)
Total Installed Cost (TIC)
Your Company Role
Schedule Performance
Cost Performance

                                  Question with respect to Owner/Client
Was the client committed to a cooperative relationship
with the joint venture or a more adversarial
relationship?
Were all key owner/client functions engaged and
reasonably aligned?
Was there stability in project leadership within the
client organization?
Was the project ready for execution?
Were project objectives clearly stated and
continuously communicated by the client?
Did the client respect the formal Joint Venture
management structure or did he seek to divide and
conquer?
If the approach was to divide and conquer did this
persist throughout the project?
Would you describe the client as being timely in his
decision making?
Did the client generally meet his contractual
commitments or feel only loosely bound by them?
What was the greatest positive impact the client had
on the success of the JV?
What was the greatest negative impact the client had
on the JV or its performance?
How could the JV have improved its
dealings/relationship with the client?
What would be the top lessons learned in how a JV
must engage with a client?




Is there any “clause” you would like to see added in a
contract with the client to aid in the success of a JV
execution project?




                           Questions with respect to Joint Venture Partners
             (If more than three non Fluor partners answer for the three most significant)
Was Your Company the Managing Partner?
What % of the JV Project Gross Margin was attributed
to your company?
How many JV partners were there including your
company?
Who led proposal preparation (Your company or
Partner #1)?
Describe JV partner alignment and teamwork during
the proposal preparation phase.


Was a formal partnering session undertaken during the
proposal stage?
                                Partner #1 (but not      Partner #2 (but not     Non Fluor Partner #3
                                Your Company)            Your Company)           (but not Your
                                (Managing Partner                                Company)
                                and/or Proposal Lead
                                Partner)
Partner Financial Shares (%)
For each partner describe any
major differences between
Your Company and the
partners with respect to:
        “Corporate Culture”
        “Ethics”
        “Communication
        Approach and Styles”
        “Commercial
        Expectations”
“Risk Posture”
For each partner, during
project execution, did they:
        Provide the key
        individuals or
        equivalent to those
        proposed
        Provide resources in a
        timely manner
        Provide the quantity
        of resources required
        Participate actively in
        the execution of the
        project
        Contribute in
        executive meetings of
        the joint venture
        Actively assist in
        problem solving or
        opportunity
        capitalization
        Respect the JV
        agreement and
        structure
        Not engage in
        independent
        discussion with the
        client with respect to
        the project except as
        provided for by the JV
        agreement
        Honor all financial and
        other commitments of
        the JV agreement
Would you team with them
again?
Would they likely team with
you again?

Was there stability in JV project leadership?
Was there stability in JV partner leadership?
Was there good integration of staff from the various
joint venture partners including Your Company?
From your experience in this JV what would you
recommend be done or not done during the proposal
stage to assure a successful bid and subsequent high
performing JV?
Are there any “clauses” you would like to see added or
strengthened in your JV teaming agreement?




What special challenges should we be mindful of as we
startup a JV project?




What is effective use of a JV Board (not the day to day
project execution team)?




How important is alignment around safety to JV
effectiveness?
How important is a shared philosophy on engaging
with the client during project execution to JV
effectiveness?
Is it important for the JV to develop its own distinctive
“culture” or to blend the cultures of the various JV
partners?
How important is personnel linkage back to home
office systems and resources?
How is this best accomplished?


What had the greatest positive impact on JV
performance?
What had the greatest negative effect on JV
performance?
Did you gain valuable insights and knowledge as a
result of executing this project in a JV arrangement?
What was the greatest risk to project success created
by JV execution (vs. prime/sub) of the project?
What was the greatest risk Your Company faced that
was attributable to the JV nature of project execution?
What are your top 3 recommendations on how to
improve a JV project?
Should Your Company develop better tools or
processes for JV project teaming, contracting or
execution or should current tools and processes just be
adapted on a case by case basis?
If a new tool or process should be developed what
should it seek to accomplish?



Would Your Company benefit from a JV readiness
assessment tool/methodology?


Thank you for completing this survey. You will receive a summary when it has been fully compiled and
analyzed.

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Building a successful relationship with joint venture partners non fluor input

  • 1. Building a Successful Relationship with Joint Venture Partners The purpose of this quick survey is to better understand the ingredients to building and sustaining successful relationships with JV partners. After initial survey results have been compiled there may be a second round of questions to dive deeper into what was found from this round of questions. Please complete one form for each joint venture you have been in a key management role in during the past five years. The multiple columns on the form are included for joint ventures where more than one partner was involved. Project Name (Generic) Owner/Client (Public, Private; US or Non-US) Your Personal Role(PM; Eng. Mgr, etc.) Project Status (Complete/Ongoing/Litigation) Total Installed Cost (TIC) Your Company Role Schedule Performance Cost Performance Question with respect to Owner/Client Was the client committed to a cooperative relationship with the joint venture or a more adversarial relationship? Were all key owner/client functions engaged and reasonably aligned? Was there stability in project leadership within the client organization? Was the project ready for execution? Were project objectives clearly stated and continuously communicated by the client? Did the client respect the formal Joint Venture management structure or did he seek to divide and conquer? If the approach was to divide and conquer did this persist throughout the project? Would you describe the client as being timely in his decision making? Did the client generally meet his contractual commitments or feel only loosely bound by them? What was the greatest positive impact the client had on the success of the JV? What was the greatest negative impact the client had on the JV or its performance? How could the JV have improved its
  • 2. dealings/relationship with the client? What would be the top lessons learned in how a JV must engage with a client? Is there any “clause” you would like to see added in a contract with the client to aid in the success of a JV execution project? Questions with respect to Joint Venture Partners (If more than three non Fluor partners answer for the three most significant) Was Your Company the Managing Partner? What % of the JV Project Gross Margin was attributed to your company? How many JV partners were there including your company? Who led proposal preparation (Your company or Partner #1)? Describe JV partner alignment and teamwork during the proposal preparation phase. Was a formal partnering session undertaken during the proposal stage? Partner #1 (but not Partner #2 (but not Non Fluor Partner #3 Your Company) Your Company) (but not Your (Managing Partner Company) and/or Proposal Lead Partner) Partner Financial Shares (%) For each partner describe any major differences between Your Company and the partners with respect to: “Corporate Culture” “Ethics” “Communication Approach and Styles” “Commercial Expectations”
  • 3. “Risk Posture” For each partner, during project execution, did they: Provide the key individuals or equivalent to those proposed Provide resources in a timely manner Provide the quantity of resources required Participate actively in the execution of the project Contribute in executive meetings of the joint venture Actively assist in problem solving or opportunity capitalization Respect the JV agreement and structure Not engage in independent discussion with the client with respect to the project except as provided for by the JV agreement Honor all financial and other commitments of the JV agreement Would you team with them again? Would they likely team with you again? Was there stability in JV project leadership? Was there stability in JV partner leadership? Was there good integration of staff from the various joint venture partners including Your Company? From your experience in this JV what would you recommend be done or not done during the proposal stage to assure a successful bid and subsequent high performing JV?
  • 4. Are there any “clauses” you would like to see added or strengthened in your JV teaming agreement? What special challenges should we be mindful of as we startup a JV project? What is effective use of a JV Board (not the day to day project execution team)? How important is alignment around safety to JV effectiveness? How important is a shared philosophy on engaging with the client during project execution to JV effectiveness? Is it important for the JV to develop its own distinctive “culture” or to blend the cultures of the various JV partners? How important is personnel linkage back to home office systems and resources? How is this best accomplished? What had the greatest positive impact on JV performance? What had the greatest negative effect on JV performance? Did you gain valuable insights and knowledge as a result of executing this project in a JV arrangement? What was the greatest risk to project success created by JV execution (vs. prime/sub) of the project? What was the greatest risk Your Company faced that was attributable to the JV nature of project execution? What are your top 3 recommendations on how to improve a JV project?
  • 5. Should Your Company develop better tools or processes for JV project teaming, contracting or execution or should current tools and processes just be adapted on a case by case basis? If a new tool or process should be developed what should it seek to accomplish? Would Your Company benefit from a JV readiness assessment tool/methodology? Thank you for completing this survey. You will receive a summary when it has been fully compiled and analyzed.