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.
[more...] Land Entitlement sometimes are perceived by many investors or individual Land Owners that it is a relatively easy process. But in reality; it is complex, challenging & full of uncertainties. Entitlement indeed is a very intricate process involving so many interrelating parts, agencies, consultants & parties.