Financial requirement for joint venture

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Financial requirement for joint venture

Post by candice on Fri Aug 18, 2017 10:31 am

A blessed morning po!

It is stated in the IRR that any of the venturers can submit their audited FS and NFCC. My question is "what if the NFCC submitted, after detailed evaluation by the TWG, was found inadequate for the project? Can we require them to submit the NFCC of the his co-venturer or simply, is the combine NFCC of the venturers acceptable? Please enlighten me on this.
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Female Number of posts : 14
Age : 52
Company/Agency : Gov't Corp.
Occupation/Designation : TWG
Registration date : 2009-07-17

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