I have question regarding Joint Ventures. It has been several years since working with JV's.
We have been participating in a new JV through 2023 and are a 40% member to which we bonded this proportionate share of the JV.
However, I seem to remember each member reported on a consolidated basis reporting your participation % of revenues and costs even if you weren't the majority member?
If you only report as Minority Interest in JV as a single line on P&L would this not reflect the appropriate revenue/backlog and overall risk/capacity to the banking and bonding companies?
Thank you,
Ken
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Kenneth MacGregor CCIFP, CMA
Chief Financial Officer
Gilmore Construction Corporation
Denver CO
(720) 224-2500
macgregor.ken@outlook.com------------------------------