consortium

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Related to consortiums: consortia

Consortium

A group of companies that cooperate and share resources in order to achieve a common objective.

Consortium

A group of independent companies participating in a joint venture for mutual benefit. Companies in a consortium cooperate with one another, often sharing technology as needed. A consortium allows the companies to conduct operations that they would not be able to do individually. It is important to note, however, that a consortium is not a merger and the companies remain independent.

consortium

A group of organizations that participate in a joint venture. Airbus Industrie, a European airplane manufacturer, is a consortium of four public and private corporations in Britain, France, Spain, and Germany.

consortium

a group of independent companies or financial institutions which agree to work together jointly on some undertaking, for example the construction of an electricity power plant or the provision of a range of financial services, each contributing some particular resource input or expertise. In recent years, many TAKEOVERS of companies have been arranged on a consortium basis, with a view to breaking up the target company and sharing out its assets between the individual participants in the consortium. See CONTRACTOR.

consortium

a temporary grouping of independent firms, organizations and governments brought together to pool their resources and skills in order to undertake a particular project such as a major construction programme or the building of an aircraft, or to combine their buying power in bulk-buying factor inputs.
References in periodicals archive ?
Caerphilly council's cabinet, meanwhile, is today expected to confirm that it will replace Cardiff on the South East Wales Consortium.
A spokesman for the consortium said it did not anticipate there being any difficulties following Cardiff's decision.
The state of Utah may represent the largest consortium of all: The state connects all 40 school districts and provides centralized services like security and content filtering.
Mabe sums up his feelings on the consortium system succinctly, saying, "I would highly recommend the consortium because when we all pool our resources and share in costs and administration, everyone's a winner."
But it's getting a tot easier, with established best practices, case studies, the evolution of e-procurement solutions, and great advances in consortium buying practices.
The Boston Consortium for Higher Education (www.boston-consortium.org)is also getting in on the e-procurement scene with OrgSupply.
The consortium will acquire financing for designing and building the bridges, then design and build.
2 - Red train track (King Abdullah Road) awarded to Consortium BACS with an amount of $ 2,885,440,337.

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