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.
cooperation
'die Kooperation' and 'das Konsortium' both have to do with cooperation, often between companies or organizations. 'Kooperation', however, is the more general term: it means that several sides work together voluntarily, even without a fixed legal form. 'Konsortium' is more specific and more formal. It refers to an association of independent companies for a particular business transaction or project, usually only for a limited time. Learners may confuse the words because cooperation always takes place within a consortium. But not every cooperation is a consortium.
Für den Bau der neuen Brücke haben mehrere Firmen ein Konsortium gegründet.
Several companies have formed a consortium to build the new bridge.
Die Kooperation zwischen der Schule und dem Sportverein läuft seit diesem Jahr sehr gut.
The cooperation between the school and the sports club has been going very well since this year.