Consortium
The Code of Estimating Practice, seventh edition, published by the Chartered Institute of Building (CIOB) in 2009 suggests that a consortium is:
| The group of private sector participants who have come together for the purposes of tendering for a private finance initiative (PFI) contract. Also becomes a Special Purpose Company (SPC) or Special Purpose Vehicle (SPV). The generic term is project company, which is established by the preferred tenderer and is the contracting party for the project. |
--CIOB
[edit] Find out more
[edit] Related articles on Designing Buildings Wiki
- Business model.
- CIOB.
- Company acquisitions in construction.
- Construction organisation design.
- Construction organisations and strategy.
- Contractor.
- Joint venture.
- Partnering and joint ventures.
- Partnership.
- Private finance initiative
- Procurement.
- Special purpose vehicle.
- Tender process.
- Types of construction organisations.
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