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.
An entitlement is the right to a particular privilege or benefit, granted by law or custom. You have a legal entitlement to speak to a lawyer if you're ever arrested and put in jail. Your entitlement program at work might offer various benefits, or you might receive a medical entitlement once you reach a certain age. These are just basic things you get. More recently, entitlement has taken on a critical sense. If someone has a sense of entitlement, that means the person believes he deserves certain privileges â and he's arrogant about it.