You are a project manager on a construction project. You have just prepared an RFP to send around to electrical contractors. You get a call from your uncle who owns an electrical contracting company. He wants to bid on your project. You know he’s done good work before, and it may be a good fit for your company. How do you proceed?
(A) You disclose the conflict of interest to your company, and disqualify your uncle’s company
(B) You disclose the conflict of interest to your company, and make the selection based on objective criteria
(C) You disclose the conflict of interest to your company, and provide your uncle with information that the other bidders don’t have so that he has a better chance of winning the contract
(D) You do not disclose the conflict of interest, and give your uncle the bid
▼ Answer: B
Any time there’s a conflict of interest, it’s your duty to disclose it to your company.
After that, you should always proceed based on your company’s policies.
If there are no specific policies about that, then make sure that the conflict does not affect your decisions.