3.10 Compensatory Damages are a type of legal remedy awarded to a plaintiff in a civil lawsuit. Compensatory damages are intended to make the plaintiff whole after suffering harm from the defendant’s wrongful conduct. These damages are designed to replace the financial losses, pain, suffering, and/or emotional distress experienced due to the defendant’s negligence. There are two types of compensatory damages: special and general damages. Special damages are awarded for specific economic losses such as medical bills, lost wages, and property damage. General damages are awarded for non-economic losses such as pain and suffering, emotional distress, and loss of consortium. Compensatory damages are based on the nature of the harm suffered and the circumstances of the case.
3.10 Compensatory Damages .
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An organizational conflict of interest is similar to a personal conflict of interest in terms of its harmful effects on the integrity of the acquisition process. The difference is that, with an organizational conflict of interest, no person stands to directly benefit from the 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.
Most federal statutes regarding government contracts can be found in Title 41 of the United States Code (U.S.C.), ?Government Contracts.? The notable exceptions to this general rule are the Anti-Deficiency Act and Armed Services Procurement Act statutes, which can be found in Title 31 and Title 10, respectively.
The Preventing Organizational Conflicts of Interest in Federal Acquisition Act requires agencies to identify potential conflicts for specific contracts early in the process.
Unfair business practices include misrepresentation, false advertising or representation of a good or service, tied selling, false free prize or gift offers, deceptive pricing, and noncompliance with manufacturing standards.
An OCI occurs when a contractor's performance on one government contract may compromise its ability to perform on another government contract or may compromise its ability to compete for a government contract in a fair way.
A conflict of interest occurs when an individual's personal interests ? family, friendships, financial, or social factors ? could compromise his or her judgment, decisions, or actions in the workplace. Government agencies take conflicts of interest so seriously that they are regulated.