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
Electrotechnical excellence, now open for entries.
Net zero electricity grids BSRIA guide NZG 5/2024
Outlining the changes needed to transition to net zero.
CIOB Global Student Challenge 2024
Universitas Indonesia wins for second year running.
New project and cultural district described in detail.
The nature of EPCs, crticism and inaccuracies.
History, issues and redesign.
From waste recycling to energy performance the hierchy.
An introduction to WERCS and WEEE responsibilities
Dealing with 2 million tonnes of waste equipment a year.
Global BACS Market: analytics and optimisation
A BSRIA glance at building automation and control systems.
What it is and how to use it.
Types of insulating plaster by binder and insulant.
Investors in People: CIOB achieves gold
Reflecting a commitment to employees and members.
Scratching beneath the surface; a guide to selection.
ECA 2024 Apprentice of the Year Award
Entries open for submission until May 31.
UK gov apprenticeship funding from April 2024
Brief summary the policy paper updated in March.
For the World Autism Awareness Month of April.