in the business world what is double dipping?

Question

IS DOUBLE DIPPING A BAD THING?

Answer 1

finding a way to charge the client or customer twice...usually one way is pretty discrete.

Answer 2

Generally double dipping is dishonest. There are all sort of schemes to do this, one goes like this. Say I am a home bulder, and I am building your house. Ok, I get all my materials through a friend of mine, and he charges you 10 percent highter for the materials than what you could buy them yourself. Now, I am building for you under contract that says that I get cost plus 10 percent of materials cost. So you pay me labor and 10 percent of the materials cost that are already jacked up 10 percent. So now you have a 20 percent cost overrun built into the cost of your home. This was the scheme that I caught one of the builders in my area doing. Oh I saved 140 thousand on my house by being my own contractor. G

Answer 3

For brokerage firms, when a broker puts commissioned products into a fee-based account. The broker makes money from both the client and the commission.

There is more than one meaning for the term depending on the context. For example, the practice of drawing two incomes from the government, usually by holding a government job and receiving a pension, is also referred to as double-dipping.

Answer 4

My understanding of the term means that someone has retired, and is receiving retirement benefits afforded by the company and returns to work, either at that company as a contract worker, or at another company.

Answer 5

Say I am paying you from 8 am to 5 pm to work for me. Durring that time that you are supposed to be working for me you also work for someone else.

Answer 6

Could be anything.

Two jobs, and getting two pensions for example.

Answer 7

It means...doing something twice. Usually it's not a good thing.

Answer 8

This is the wrong place to ask, isn't it?