Why is it important to manage conflicts of interest during the tender process?

Managing conflicts of interest during the tender process is essential for maintaining transparency and fairness in evaluations. When potential conflicts arise, such as personal relationships or financial interests that may skew decision-making, they can compromise the integrity of the procurement process. By ensuring that all evaluators and stakeholders disclose any potential conflicts and are held to strict ethical standards, the tendering process can remain transparent. This transparency builds trust among bidders, stakeholders, and the public, ensuring that decisions are made based on merit and objective criteria rather than personal gain. Fairness in evaluations helps to foster a competitive environment where all participants feel they have an equal opportunity, ultimately leading to better outcomes for the project and the organization as a whole.