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 has taght Generation-X and Generation-Y that they can have a lavish lifestyle of materialism that it took their parents YEARS to achieve. Young people (under 30) now have record debt as a result, and are buying homes they canât afford, cars they canât pay for and credit cards they canât pay off.