Topic: Conflict of interest

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25/04/2012 at 1:19 am #8101 Reply | Quote
stratcom
A friend, who lives in a strata, knows that a member of their executive committee has a business relationship with a builder outside of the strata. This builder is quoting on maintenance works for their strata. Is there a conflict of interest here?
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25/04/2012 at 2:42 pm #15413 Reply
Mr Strata
Stratacom,
Having a connection with a builder could seriously benefit the OC and may see some competitive pricing and a higher standard of work being completed, but it is important that in engaging this contractor it is done transparently, having a comparative quote at hand, comparing apples with apples, and their engagement being done completely above board.

Mr S

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Reply To: Conflict of interest

PLEASE ... If your property is not in NSW, mention its location (state). Don't identify companies or individuals by name. Don't mention or promote your company or services. Keep acronyms and initials to a minimum. Please, don’t use “quote” unless there is a specific point to which you wish to refer, then highlight (define) that specific passage before you click on "quote". Otherwise just use reply. THANKS.