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.
exists and is an alternate of . Entailment is an old-fashioned form of bequeathing real property. Entailed land (aka Fee Tail) can only be inherited by the owner's issue (legitimate children). It was a way to keep an estate intact for multiple generations. Since the land could not be sold or easily borrowed against it left some individuals rich in land but still heavily in debt.