bid-shopping Hear it!

bid-shopping Law Definition

v

The legitimate practice whereby a general contractor, after being awarded a contract, tries to reduce his own costs by disclosing to interested subcontractors the lowest bids he received for subcontracts, and then inviting even lower bids.

Browse dictionary entries near bid-shopping

  1. ‹ bid-ask spread
  2. ‹ bid
  3. ‹ bicyclic
  4. ‹ bicycle
  5. ‹ bicuspid valve
  6. ‹ bicuspid
  7. ‹ bicultural
  8. ‹ bicorn
  9. ‹ biconvex
  10. ‹ biconcave
  1. bid-to-cover ratio ›
  2. biddable ›
  3. bidden ›
  4. bidding ›
  5. Biddle ›
  6. biddy ›
  7. bide ›
  8. bide one's time ›
  9. bidentate ›
  10. bidet ›