Bid Shopping. Bid shopping is an unethical practice in which a contractor discloses the bid price of one subcontractor to another in an attempt to obtain a lower bid price. Included in bid shopping is âbid peddling,â in which subcontractors themselves offer to undercut the known bid of another subcontractor.
The real estate entitlement process is frequently a political one, which involves uncertainty and often extensive negotiation and concessions in order to secure the necessary approvals and permits.
The process taken by developers, to get to the actual government approvals to build their development, is known as the entitlement process. Know the Process for Getting Entitled Land Depending on the governmental jurisdictions, where a property is located, the entitlement process can be prolonged and tedious.