Joint Contracts Tribunal. An independent body representing all parties and which produces and published standard forms of contract for use in the UK construction industry.

Joint venture
An agreement by two parties with different expertise to jointly invest and/or manage a development or facility.

Jointly controlled entity
A joint venture that involves the establishment of a corporation, partnership of other entity in which each venturer has an interest.

Jointly controlled operations
The operation of joint ventures that involves the use of the assets and other resources of the venturers rather than the establishment of a corporation, partnership or other entity, or a financial structure that is separate from the venturers.