What is a Consortium?

What is a Consortium?

A consortium (Latin: consortium, meaning "association" or "society") is a temporary company to perform a certain task or to provide a certain service or product in a more efficient way.

A consortium is an association that aims to coordinate the activities of several traders and is implemented by means of a contract. According to the purpose of the consortium, its organization is also chosen - either a commercial company or a civil company.
It is an association of 2 or more individuals, companies, universities or governments (or any combination of these) for the purpose of engaging in a common activity or common use of resources to achieve a common goal. Each participant retains its own independent legal status, and therefore the consortium's control over each participant is generally limited to matters related to their common activities, such as the distribution of revenues. A consortium is created through a contract that outlines the rights and obligations of each member. A term with a similar meaning is "joint venture".
Consortium is one of the options before us because we have decided to join forces with other commercial companies to perform a specific task or to provide a specific service or product in a more efficient way.
For us, the idea of uniting the efforts of a group of legal entities and individuals under a specific project seems the most suitable and competitive.
There is a project, there is interest, the platform always participates to add the missing link in the chain; whether it is a buyer or seller, builder or producer, export or import, we are always involved where there is a lack of funds, participants, information or simply as a guarantor.