What is an organizational conflict of interest?
In respect to this, what is personal conflict of interest?
“Personal conflict of interest” means a situation in which a covered employee has a financial interest, personal activity, or relationship that could impair the employee's ability to act impartially and in the best interest of the Government when performing under the contract.
Secondly, which functional organization is responsible for interpretation of OCI requirements? The responsibility for determining whether an actual or apparent OCI exists lies with a procuring agency's Contracting Officer (“CO”). The CO is responsible for identifying potential conflicts of interest and, if a conflict of interest has been identified, determining whether the OCI can be neutralized or mitigated.
Herein, can you award to a contractor if you determine there is an OCI?
An agency cannot issue an award to a contractor that possesses an OCI unless that OCI has been avoided, mitigated, or waived. Most sophisticated government contractors have processes and procedures to screen for OCIs.
What is an OCI mitigation plan?
Generic OCI Mitigation Plan Torpedoes Contractor's Award Posted on July 2, 2011 by Steven Koprince. OCI mitigation plans are one of the most common ways for contractors to address any actual, potential or apparent organizational conflicts of interest that could arise if the contractor won the award.