Examples of Final Offer in a sentence
Best and Final Offer, submitted by a Vendor to alter its initial bid, made in response to a request by the issuing agency.
A binding contract shall consist of: (1) the solicitation documents, amendments thereto, and/or Best and Final Offer (BAFO) request(s) with any changes/additions, (2) the Contractor's bid response, and (3) the MHTCs acceptance of the bid by post-award contract or purchase order.
A binding contract shall consist of: (1) the solicitation documents, amendments thereto, and/or Best and Final Offer (BAFO) request(s) with any changes/additions, (2) the Contractor's bid response, and (3) the MHTC’s acceptance of the bid by post-award contract or purchase order.
This includes solicitations of a Best and Final Offer from one or more of the proposers.
Best and Final Offer (BAFO): In a competitive bid, the final offer submitted which contains the bidder’s (vendor’s) most favorable terms for price.