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 belief that government plans, such as wage and price controls or the direction of investment, can improve the economy. Entitlements. A claim for government funds that cannot be abridged without violating the rights of the claimant; for example, social security benefits or payments on a contract.