Consortium Creation and Planning
Consortium bidding offers numerous benefits for small businesses, social enterprises, supported businesses and third sector type organisations including increased access to larger contracts, reduced individual risk, and enhanced market reach. By pooling resources and expertise, small businesses can compete for projects they might not be able to undertake alone.
Many SMEs, social enterprises and supported businesses are capable of providing the goods and services required in tenders, but don’t feel ready to respond to the bid, so they miss out on opportunities to grow. You can overcome these hurdles by collaborating with other businesses. By working together as a consortium co-operative, businesses increase their capacity and their skills range, to be able to bid for contracts previously out with your reach.
During this course you will learn:
- What a ‘Consortium’ is
- Key features of this business model
- Structure of collaborative working
- Benefits of a co-operative bid and collaborative working
- Why there is a need for consortium bidding
- Next steps – how to create an incorporated consortium company
- Include examples or case studies of successful consortium bids
- FAQ
