Best and Final Offer definition

Best and Final Offer means a revision to an Offer submitted after negotiations are completed that contains the Offeror’s most favorable terms for price, service, and products to be delivered. Sometimes referred to as a Final Proposal Revision.
Best and Final Offer means a revision to an offer submitted after negotiations are completed that contain the offeror’s most favorable terms for price, service, and products to be delivered.
Best and Final Offer or “BAFO” means the final offer from a Proposer, as further described in Section 4.6 and elsewhere in this RFP.

Examples of Best and Final Offer in a sentence

If a Best and Final Offer is requested pursuant to a Request for Proposals, an Offeror shall hold its Offer open for ninety (90) days from the Best and Final due date.

Upon review of the Best and Final Offers, the Evaluation Committee will recommend one (1) prospective Awardee to the Board of Commissioners to authorize AH to enter into a Master Development Agreement and develop the Property as proposed in accordance with deal terms under the Best and Final Offer.

Finalists will be provided with counter-terms, and given an opportunity to present a Best and Final Offer to the Evaluation Committee.

The State reserves the right to negotiate with one or more Vendors, or to reject all original offers and negotiate with one or more sources of supply that may be capable of satisfying the requirement, and in either case to require Vendor to submit a Best and Final Offer (BAFO) based on discussions and negotiations with the State.

Proposals, including all prices therein, shall remain valid for 90 days from proposal opening or Best and Final Offer (BAFO) submission unless otherwise indicated.


More Definitions of Best and Final Offer

Best and Final Offer means a submission by a qualifying bidder to the Authority in response to the best and final offer documentation sent in accordance with regulation 15(3);
Best and Final Offer. (“BAFO”) means, per A.A.C. R2-7-101(8), the Revised Offer submitted after negotiations have been completed that contain Offeror’s most favorable terms for price, service, and products to be delivered.
Best and Final Offer or “BAFO” shall mean a formal document that is used to finalize negotiations with a Contractor.
Best and Final Offer. (BAFO) means a firm’s final offer following the Municipality’s conclusion of negotiations with firms who had previously been determined to be in the competitive range. A call for “Best and Final Offers” is made in writing and provides notice to the offerors that negotiations are concluded, that offerors have an opportunity to submit their best and final offers, establishes a common date and time for vendors to submit written best and final offers, and advises offerors that the Municipality will select the source whose best and final offer is most advantageous to the Municipality, based only on price and the other factors included in the solicitation.
Best and Final Offer or “BAFO”: Contractor's best and final offer in response to a request from the Counties, dated September 20, 2013.
Best and Final Offer means a submission by a qualifying bidder to the competent authority in response to the best and final offer documentation;
Best and Final Offer means an optional step in the solicitation process in which responders are requested to improve their response by methods including, but not limited to, the reduction of cost, clarification or modification of the response, or the provision of additional information.