Conflict of interest
A conflict of interest is said to have occurred if the best interest of a client is impeded, or might be perceived to have been impeded, by an individual or organisation. Generally, a conflict of interest relates to the actual or perceived impartiality of an individual or organisation in their dealings with the client.
Care should be taken to avoid conflicts of interest arising as they can have a negative impact on an individual or organisation’s perceived integrity or reputation.
Common conflicts of interest include:
- Acting for more than one client or stakeholder with competing interests at the same time.
- Existing obligations that affect a relationship with a client.
- Conflicting duties owed to different clients.
Conflicts of interest can be avoided by adopting and following rules relating to declarations, transparency and resolution. The conflict should be declared at the earliest opportunity to all relevant stakeholders and it is advisable to secure written agreement to proceed. By being transparent, misunderstandings can be avoided.
[edit] Related articles on Designing Buildings Wiki
- Chinese wall.
- Code of conduct.
- Code of practice for project management.
- Conflict avoidance.
- Conflict avoidance pledge.
- Construction disputes.
- Interface risk in construction.
- Overcoming difficulties in construction value management.
- Principal-agent theory.
- Project risk.
- Risk management.
- Stakeholders.
- Third party dependencies.
- Types of risk in construction projects.
Featured articles and news
Survey reveals green skills gap.
America's economic collapse produced scores of PWA Moderne projects.
The benefits of glowing aggregates and cement.
Rising concern over construction worker wellbeing
Urgent need for open communication to address mental health issues.
New engineering alliance forms
Guidance offered on COVID-19 green recovery, building safety and more.
Providing strength and support above the joists.
Construction Products Regulator
Enforcer will test and investigate product safety.
London landmark receives a high tech upgrade
Underfloor air conditioning comes to 24 St James's Square.
Consultation on public right to buy unused public property.
Guidance for listed building alterations
IHBC resource offers improved consistency.
New laws to ‘retain and explain’ historic statues.
The principles and art of the possible. Book review.
Comments