Consortium
A consortium is a group of two or more individuals, companies, or governments that work together to achieve a common objective. Entities participating in a consortium pool resources but are otherwise only responsible for the obligations set out in the consortium's agreement. Therefore, every entity under the consortium remains independent concerning their normal business operations and has no say over another member's operations that are unrelated to the consortium [Investopedia].
A consortium allows two or more businesses to combine their capabilities when developing and delivering a tender. The primary driver of a consortium approach is that it allows for more significant economies of scale, efficiency, and effectiveness. A consortium can be made up of delivery partners from different industry sectors, offering a great source of competitive advantage.
A consortium lets its partners share relevant skills, experience, and expertise so that every business complements each other (i.e., in terms of the tender roles and responsibility and concerning service delivery).
Being in the consortium will allow you to access partner experiences or competencies you might not have. It cannot afford to 'buy in' just to secure the contract [Queensland Government].
Working in a consortium. Queensland Government. Retrieved from: https://www.business.qld.gov.au/running-business/marketing-sales/tendering/improve-approach/competitive/collaborative/consortium
Consortium: Definition, Examples, Vs. Joint Venture. Investopedia. Retrieved from: https://www.investopedia.com/terms/c/consortium.asp