Best and Final Offer (BAFO) definition

Best and Final Offer (BAFO) 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.

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Best and Final Offer (BAFO) means the final offer provided by an Offeror at the conclusion of discussions in response to a Request for Proposal. Thus, regardless of the length or number of discussions, there will be only one request for a revised Proposal. The decision to award will be based on the score of the BAFOs.

Best and Final Offer (BAFO). – a means by which a state agency can request revised pricing from respondents

Examples of Best and Final Offer (BAFO) in a sentence

• Department reserves the right to enter into negotiations with and/or invite submission of a Best and Final Offer (BAFO) from one bidder or multiple bidders in accordance with the procedures as outlined in the Concession Bid Evaluation & Selection Process.

• Department reserves the right to enter into negotiations with and/or invite submission of a Best and Final Offer (BAFO) from one bidder or multiple bidders in accordance with the procedures as outlined in the License Bid Evaluation & Selection Process.

• DIR subsequently issued a Best and Final Offer (BAFO) opportunity dated December 13, 2010.

• Department reserves the right to enter into negotiations with and/or invite submission of a Best and Final Offer (BAFO) from one bidder or multiple bidders in accordance with the procedures as outlined in the Bid Evaluation & Selection Process.

• The State reserves the right to waive any irregularities or defects in any submission; to request clarifications or additional information regarding proposals; to conduct a Best and Final Offer (BAFO); and to reject any and all proposals at its sole discretion.

• Exhibit B, Vendor’s Response, dated April 20, 2020 (“Vendor’s Response”), including Vendor’s Best and Final Offer (BAFO) dated July 24, 2020.

• The City will negotiate the Professional Service Contract, and submit a Best and Final Offer (BAFO) along with Scope of Services, Project Cost Estimate, Certificate of Debarment, CIQ Form and IRS W-9 Form.

• Exhibit B, Vendor’s Response, dated April 17, 2020 (“Vendor’s Response”), including Vendor’s Best and Final Offer (BAFO) dated July 23, 2020.

• Exhibit B, Vendor’s Response, dated October 23, 2023 (“Vendor’s Response”) including Vendor’s Best and Final Offer (BAFO) dated January 18, 2024.

• All prices are subject to negotiation with a Best and Final Offer (BAFO).

More Definitions of Best and Final Offer (BAFO)

Best and Final Offer (BAFO) means a Contractor’s revised, final Response that the State may request from a Respondent(s) following initial Contract negotiations “Business Day,” Monday through Friday, inclusive, except for non-working days declared and observed by the State. Whether capitalized or not, “day” means Business Day (defined as the Department’s normal working hours) unless otherwise described.

Best and Final Offer (BAFO) means a Contractor’s revised, final Response that the State may request from a Respondent(s) following initial Contract negotiations

Best and Final Offer (BAFO) means proposals from Fusion that have been accepted by the Council

Best and Final Offer (BAFO). – a means by which the Board can request revised pricing from respondents;