Different bid shopping rules exist, based on the type of project and the laws in the region where the project is planned. Some areas forbid bid shopping because it might encourage the use of inferior materials or poor workmanship to increase profits for the contractor.
Enterprise Zones (EZs) Enterprise zones (EZs) are geographic areas in which companies can qualify for a variety of subsidies. The original intent of most EZ programs was to encourage businesses to stay, locate, or expand in depressed areas and thereby help to revitalize them.
(lender discretion, but rarely required). â¢ AE Zone: A flood insurance rate zone that corresponds to areas in the 100-year floodplain. In most instances, Base Flood Elevations (BFE) are derived from detailed hydraulic analyses and are set accordingly throughout the zone. Example: If a property is in an AE zone with a BFE of 5ft, then construction regulations stipulate that the first habitable floor must be above 5ft.