Ecuadorian legislation regulates the use of the association
or joint accounts and the consortium as forms of associations for
public procurement, which facilitates the participation of the
private sector in business with the State.
As part of the development of commercial activities, it is
common for natural and legal persons to use forms of associations
that allows them to jointly and efficiently conduct businesses in
the private and public sectors. A summary of the legal framework
applicable to these forms for public procurement is presented
below.
The law establishes as forms of association: the association or
joint accounts, the consortium or consortium agreement; and, joint
venture.
