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.
Entitlement Law and Legal Definition. An entitlement refers to a guarantee of access to benefits based on established rights or legislation. It is a provision made in accordance with legal framework of a society. Every right is an entitlements associated with a moral or social principle.