Consortium
"How does a consortium differ from a joint venture?"
Quick Answer
A collaborative association of two or more entities pooling their resources to execute a specific, large-scale project while remaining independent and separately liable for their distinct portions of work.
Scope and Legal Distinctions
A consortium coordinates participants for a project, but its label does not determine whether members have joint liability. Tender terms and the contract may allocate obligations differently.
What to Check in Practice
Identify each member's scope, lead representative, guarantees, payment route and responsibility to the customer before bidding or signature.
Sources & Authorities
Statutory framework and official guidance for this definition.
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