Chapter 1 provided an overview of the use of JVs by public sector bodies and specified the scope of this Guidance and the type of JV to which it applies. This Chapter provides a further introduction to the main forms of JV covered by this Guidance and their key characteristics. This Chapter sets out: ∙ the common features and characteristics of JVs; ∙ the principal forms of JV entity, specifically focusing on: ∙ JV companies ∙ the use of JVs as an intermediary for partnering contracts ∙ partnerships with limited liability status ∙ the key advantages and disadvantages of alternative JV structures, and ∙ examples of their use in the public sector. |