Abstract
In this paper the Bivariate Pseudo-Weibull distribution has been defined as a compound distribution of two random variables to model the failure rate of component reliability. The distribution of r-th concomitant and joint distribution of r-th and s-th concomitant of record statistics of the resulting distribution have been derived. Single and product moments alongside the correlation coefficient have also been obtained. Recurrence relation for the single moments has also been obtained for the resulting distributions.