A coordinated multi-vehicle grade control system and method includes receiving, by a first controller onboard a first work vehicle, a first grade control signal. The method and system also include receiving, by a second controller onboard a second work vehicle, a second grade control signal. Additionally, the method and system include orienting, by a first actuator of the first work vehicle, the first grading implement with respect to the first work vehicle according to the first grade control signal. Furthermore, the method and system include orienting, by a second actuator of the second work vehicle, the second grading implement with respect to the second work vehicle according to the second grade control signal. The second grade control signal is based, at least in part, on the first grade control signal to coordinate the orientation of the first grading implement with respect to the second grading implement along the grading pass.