Common use of Personal Conflict of Interest Clause in Contracts

Personal Conflict of Interest. The Grantee's code or standards must provide that no employee, officer, board member, or agent of the Grantee may participate in the selection, award, or administration of a contract supported by Federal funds if a real or apparent conflict of interest would be involved. Such a conflict would arise when any of the parties set forth below has a financial or other interest in the firm selected for award:

Appears in 8 contracts

Samples: Cooperative Agreement, Total Agreement, Federal Railroad Administration Cooperative Agreement

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Personal Conflict of Interest. The Grantee's code or standards must provide that no employee, officer, board member, or agent of the Grantee may participate in the selection, award, or administration of a contract supported by the Federal funds Contribution if a real or apparent conflict of interest would be involved. Such a conflict of interest would arise when the employee, officer, or agent, any member of his or her immediate family, his or her partner, or an organization which employs or is about to employ any of the parties set forth below indicated herein, has a financial or other interest in the or a tangible personal benefit from a firm selected considered for award:a contract.

Appears in 6 contracts

Samples: Federal Railroad Administration Cooperative Agreement, railroads.dot.gov, railroads.dot.gov

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