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Conflict of Interest you think ??

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Conflict of Interest you think ??

Post by Rick on Mon Apr 04, 2011 2:32 am

Hope you can help me.

Would there be a conflict of interest if two companies with same controlling shareholders and legal representative form a Joint Venture and submitted a bid?

In the first few pages of the Instructions to Bidders, there are strict guidelines with regards to conflict of interest. I want to know if this is technically applicable to Joint Ventures.

Thank you.
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Re: Conflict of Interest you think ??

Post by RDV @ GP3i on Mon Apr 04, 2011 7:24 pm

Rick wrote:Hope you can help me.

Would there be a conflict of interest if two companies with same controlling shareholders and legal representative form a Joint Venture and submitted a bid?

In the first few pages of the Instructions to Bidders, there are strict guidelines with regards to conflict of interest. I want to know if this is technically applicable to Joint Ventures.

Thank you.

I don't think the prohibition on 'conflict of interest' will apply to them because, as members of a joint venture, their interests should not conflict with each other, which is to be awarded the contract as a joint venture.

There would be 'conflict of interest' if these companies with the same controlling shareholders and/or same legal representatives participated as separate bidders to the same project.
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