Contractual Relationship Disclosure:

A contractual relationship disclosure is a document that requires a party to reveal any existing or potential contractual relationships that may be relevant to a particular transaction or project. In construction, a contractual relationship disclosure may be required from a bidder, proposer, or contractor to ensure that there are no conflicts of interest, collusion, or other improper influences on the selection or execution of the contract. The disclosure typically includes the identification of the related parties, the nature and scope of the contractual relationship, the duration and value of the contract, and any actual or potential impacts on the current transaction or project. The purpose of a contractual relationship disclosure is to promote transparency, fairness, and integrity in the contracting process, and to enable the evaluating party to make informed decisions based on all relevant information. A contractual relationship disclosure should be completed truthfully and comprehensively, updated as necessary, and submitted in accordance with the applicable rules and regulations.