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Procurement · Definition

Conflict of Interest

A personal interest that could improperly influence a buying decision.

A conflict of interest exists where someone involved in a purchase has a private interest in the outcome — ownership, family connection, employment or gifts from a bidder. It may be actual, potential or merely perceived.

The control is declaration and recusal, recorded before evaluation begins. Disclosed conflicts are manageable; undisclosed ones invalidate awards and end careers.

Also called

  • CoI declaration

Related terms

Bid Evaluation

Scoring supplier submissions against agreed criteria to select a winner.

Segregation of Duties

SoD

Splitting a transaction so no one person controls it end to end.

Anti-Bribery Compliance

Controls preventing improper payments or inducements in business dealings.

Tender

A formal, structured competitive bidding process, common in public buying.

More in Procurement

Approval Workflow Approved Vendor List (AVL) Blanket Purchase Order Category Management Contract Lifecycle Management (CLM) Cost Avoidance Delegation of Authority (DoA) Dual Sourcing

Conflict of Interest is not just a definition here

Procurement runs on this vocabulary every day in AWRA OpsHub — 40 of our 257 glossary terms describe things the platform actually does.

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