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 primary innovation in revised Article 8 and the answer to the problem of rights in securities accounts is the concept of the security entitlement.. A security entitlement is a property right that a person obtains in the contents of a security account with a securities intermediary..