Do you need to setup a Consortium to apply for a Tender or Contract? We will setup your Consortium Agreement within 48 hours.
Companies form a Consortium Agreement with each other to undertake a large tender / contract. This is an agreement only, not a new entity as with Joint Ventures. Here the role and responsibilities of each party is spelled out in terms of which resources (human, financial, technology) are committed to the project. The ‘Consortium’ is formed, then applies for the tender / contract and execute it together. After the tender / contract is done, the Consortium Agreement is done as well. If you want to apply for a short-term tender in which applicants are required to have a variety of skills which you don’t have – but a partnering company may have – a Consortium is the way to go. If that’s you, apply online below. Or call our office for toll free consultation.
Our Legal Specialist:
Our internal attorney, Tsitsi Kinnear has over 6 years’ experience with Consortiums. She also has a Law Degree from the University of South Africa.
Consortium Advantages:
(1) Win Big Tenders / Contracts
You might try to apply for a big tender, but not have all the resources required for execution. This is a waste of time. With a Consortium you can join hands with another Company which will give you more capacity, expertise, resources, markets and technology which big tenders will require.
(2) Simplicity
In comparison to a Joint Venture, a Consortium is very simple. It’s not an entity, just an agreement like an SLA. It can quickly be amended during the tender and expire after the contract / tender without additional costs and paperwork.