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.
Unit entitlement is a number assigned to each strata lot that determines the share of common property and assets belonging to each strata lot. It is a key factor in the share of strata corporation expenses and liabilities of each strata lot owner including strata fees and special levies.When filing the strata plan with the Land Title Office, the Owner Developer will create and file a Schedule of Unit Entitlement.The Schedule of Unit Entitlement is either a: â Form V: Schedule of Unit Entitlement â for strata plans filed on or after July 1, 2000 or a Form 1, for strata plans filed before July 1, 2000.nit entitlement for residential building strata lots (for example apartment-style condos) is determined by: 1  a whole number based on habitable area in square meters. 2  a whole number that is the same for all residential strata lots or. 3  some other number approved by the Superintendent of Real Estate that is equitable.