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 or “BAFO” means a process during the negotiation stage in which a Preferred Proponent may be invited by OECM to submit a best and final offer on a process or section of the RFP to improve on their original Proposal submission. BAFO cannot be requested by a Proponent;

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.

Examples of Best and Final Offer in a sentence

• If the SBMA BAC for Goods and Services declares Best and Final Offer, said offer shall be recommended to the Head of the Procuring Entity for award of contract to the Bidder or Contractor at its submitted offer or its negotiated offer, whichever is lower.

• For purposes of determination of the Best and Final Offer, the offer with the lowest price as calculated shall be evaluated first.

• If the same complies with all the mandatory requirements and conditions of the RFO, it shall be declared the Best and Final Offer.

• The same process shall be repeated for the next lower offer until the Best and Final Offer is declared.

• The SBMA BAC for Goods and Services will undertake the detailed evaluation and comparison of offers in order to determine the Best and Final Offer.

More Definitions of Best and Final Offer

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.

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" means a final offer submitted in writing by a bidder initially or after negotiations are completed and containing the bidder’s most favorable terms for price, service, and/or products to be delivered.

Best and Final Offer or “BAFO” means a process during the negotiation stage in which a Preferred Bidder may be invited by OECM to submit a best and final offer on a process or section of the RFT to improve on their original Tender submission. BAFO cannot be requested by a Bidder;

Best and Final Offer or “BAFO” shall mean a formal document that is used to finalize negotiations with a Contractor.

Best and Final Offer means a revision to an Offer submitted after negotiations are completed that contains the Respondent’s most favorable terms for price, service, and products to be delivered. Sometimes referred to as Final Proposal Revision.

Best and Final Offer means a request for best and final offers at the conclusion of any discussion and /or negotiation period after offers are received (negotiations may include any and all aspects of the RFP, the primary goal in this RFP process is to provide the space required by an agency at the best value to the State).