C1nounformalbusinesswork
US/kənˈsɔːr.ti.əm/
UK/kənˈsɔː.ti.əm/
a group of companies or organizations that work together on a large project
In context
A consortium of three banks agreed to fund the new airport.
The consortium won the contract to build the railway line.
Several universities formed a research consortium to share data.
Words that go with consortium
verb + noun
- form a consortiumLocal firms formed a consortium to bid for the project.
- join a consortiumOur company joined a consortium of energy suppliers.
- lead a consortiumA Japanese firm leads the consortium.
adjective + noun
- international consortiumAn international consortium is building the dam.
noun + preposition
- consortium ofA consortium of retailers announced the new standard.
Common mistakes
Incorrect:
two consortiumsCorrect: two consortia