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.