804 IAC 1.1-4-3 Conflict of interest; financial disclosures

Sec. 3. (a) A registrant shall not accept compensation for his services from more than one party on a project unless the circumstances are fully disclosed to and agreed to (such disclosure and agreement to be in writing) by all interested parties. (b) If a registrant has any business association, or financial interest, direct or indirect which is substantial enough to influence his judgment in connection with his or her performance of professional services, the registrant shall fully disclose in writing to his client or employer the nature of the business association or financial interest, and if the client or employer objects to such association or financial interest, the registrant shall either terminate such association or interest or offer to relinquish the commission or employment. (c) A registrant shall not solicit or accept compensation from material or equipment suppliers in return for specifying or endorsing their products. (d) When acting as the interpreter of contract documents and the judge of contract performance, a registrant shall render decisions impartially, favoring neither party to the contract.