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Joint Ventures and Consortia for Robot Projects

Published: Published on Zhilianhai

Why form a consortium

  • The scope spans machine supply, integration and software.
  • Local presence is required for service or installation.
  • The buyer asks for a single contract with several specialities inside.

Structure it properly

ItemAgreement
Lead partyOwns the interface and overall delivery
Split of workDrawings and interfaces per member
MoneyShares, invoicing and payment flow
LiabilityInternal recourse if one member fails
ExclusivityWhether members can bid separately

To the buyer the consortium usually answers jointly, so the internal agreement is what protects the members.

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