We must maintain written standards of conduct covering conflicts of interest and governing the performance of our employees engaged in the selection, award and administration of contracts. The standards must provide for disciplinary actions to be applied for violations of standards.
- A conflict of interest would arise when an employee, officer or agent, any member of the employee's, officer's or agent's immediate family, the employee's, officer's or agent's partner, or an organization which employs or is about to employ any of the parties indicated herein, has a financial or other interest in or a tangible personal benefit from a firm considered for a contract.
- We are required to notify Federal sponsors when there is a real or perceived Conflict of Interest.
Applicable MIT Policy 4.4 [webpage]
For more information, contact VPF Procurement. B2P Contact Center - 617-253-7000 - B2P@mit.edu