School team met regularly for project (6)
I believe the answer is:
scheme
'project' is the definition.
(thesaurus)
'school team met regularly' is the wordplay.
'school' becomes 'sch'.
'regularly' indicates alternate letters (regularly take one letter, leave next etc.).
'team'+'met'='teammet'
The alternate letters of 'teammet' are 'eme'.
'sch'+'eme'='SCHEME'
'for' acts as a link.
(Other definitions for scheme that I've seen before include "Design" , "Conive, intrigue" , "Secret plan, plot" , "Plan - intrigue" , "Program" .)