consortium
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consortium
A temporary association of several legally and economically independent companies for carrying out a shared business transaction or project.
Ein internationales Konsortium hat den Zuschlag für den Bau der neuen Brücke erhalten.
An international consortium was awarded the contract to build the new bridge.
The word comes from Latin. The prefix 'Kon-' means 'together', which points to the joining together of partners for a shared goal.
Mehrere Baufirmen bildeten ein Konsortium, um die Ausschreibung zu gewinnen.
Several construction companies formed a consortium in order to win the tender.
'Konsortium' (consortium) is a technical term from business and law. You mainly find the word in news reports, specialist texts, and official documents, but only rarely in everyday speech.
Die Finanzierung des Großprojekts wird durch ein Banken-Konsortium sichergestellt.
The financing of the major project is being secured by a banking consortium.
A consortium is often 'gegründet' (founded) or 'gebildet' (formed). It 'bewirbt sich' (applies/bids) for a project or 'übernimmt' (takes on) a task.
Ein Konsortium aus europäischen Forschungsinstituten hat das Projekt übernommen.
A consortium of European research institutes has taken on the project.
working group / club
Arbeitsgemeinschaft and Konsortium can both refer to an association formed to carry out a project. An Arbeitsgemeinschaft can consist of people, institutions, or companies and can also serve a general goal. A Konsortium, by contrast, consists of several independent companies and is limited in time to a shared business venture or project.
Mehrere unabhängige Unternehmen gründen ein Konsortium für das neue Bauprojekt.
Several independent companies are forming a consortium for the new construction project.
Mehrere lokale Organisationen gründen eine Arbeitsgemeinschaft für das neue Bildungsprojekt.
Several local organizations are forming a working group for the new educational project.
