Which alcohol? And under what conditions?
See
http://chemrat.com/ChemHog2/Organic%20Chem_files/NUCLEOPH.DOC - water is about 100X better than simple alcohols as a nucleophile, but the deprotonated forms of both water and alcohol are about 10
5-fold better than the protonated forms and are approximately equal. However, water also has a lower pKa than alcohols, and in neutral or weakly basic conditions, an equimolar mixture of water and alcohol will have a higher concentration of hydroxide ions than alkoxide ions, further increasing the rate of the water reaction.
I've run a lot of esterification and transesterification reactions over the years, and my sense is that water is stronger than methanol, which is stronger than ethanol. To out-compete the water, I need to use at least 100X the amount of methanol.
If you have water present in an EDC reaction, I doubt that you will see any product at all. The water will rapidly quench your activated ester, assuming that it doesn't quench your EDC before it can react. I would suggest either molecular sieves, as Discodermolide suggests, or when you start your reaction, add the carboxylic acid to your solvent and dry over MgSO
4 to remove the waters of hydration. Then filter and add the rest of your reagents.