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.
Full Definition of ENTITLEMENT. 1. a: the state or condition of being entitled: right b: a right to benefits specified especially by law or contract.2.: a government program providing benefits to members of a specified group; also: funds supporting or distributed by such a program.3.. a: the state or condition of being entitled: right b: a right to benefits specified especially by law or contract. 2. : a government program providing benefits to members of a specified group; also: funds supporting or distributed by such a program.