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
Specifying rendered external wall insulation for fire safety
How to interrogate the evidence provided to the specifier.
The benefits of writing articles for your organisation
How to create a profile for your organisation and publish for free.
No Falls Week. The importance of safe working at height
What to expect and what is on offer to avoid accidents.
Scottish Government action to reach net-zero targets
Retrofit expert group highlight critical actions needed.
A forward thinking, inclusive global community of members.
From engineered product life-spans, to their extension.
Circular economy in the built environment
A brief description from 2021. Where are we now?
Mental Health Awareness Week with ABS
Architects Benevolent Society programme of activity.
CLC publishes domestic retrofit competency framework
Roadmap of Skills for net zero.
May 13-19: Moving more for our mental health.
Understanding is key to conservation.
Open industry engagement survey seeks responses
Institutions and the importance of engagement.
National Retrofit Hub unveils new guide
Digital Building Logbooks and Retrofit: An Introduction.
Enhancing construction site reporting efficiency
Through digitisation and the digital revolution.
Comments