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
NB Glossary of procurement terminology, A guide for suppliers, Published by the London Borough of Richmond upon Thames in April 2012, defines a consortium as: ‘An unincorporated group of firms or individuals, often formed to tender for a contract with a view to forming a company or working in some other way in the event of winning.’
[edit] Related articles on Designing Buildings Wiki
- Business model.
- Cartel.
- CIOB.
- Collusion.
- Company acquisitions in construction.
- Competition.
- Construction organisation design.
- Construction organisations and strategy.
- Contractor.
- Integrated project delivery (IPD).
- Joint venture.
- Partnering and joint ventures.
- Partnership.
- Private finance initiative
- Procurement.
- Special purpose vehicle.
- Types of construction organisations.
Featured articles and news
Excel add-on calculates embodied carbon of designs
PHribbon toolbar developed for US market.
CIOB consultation seeks feedback on APPG 2020 report.
How to respond to changes made in the October 2021 update.
Resource provides professional installation assistance.
Protecting water supplies in the South East
Adaptive planning proposal spans 15 years.
An update on Construction Products Regulation
Activities summarised by the Construction Industry Council.
How Islamic architecture shaped Europe. Book review.
The campaign to preserve a rare blacksmith bridge.
Transitional options for the next generation of heating technologies.