Best and Final Offer (BAFO). A BAFO may be requested at the sole and exclusive discretion of the DTMB or its agent. A BAFO or other alteration to original proposals submitted after the Proposal Due Date will not be accepted unless requested in writing by the DTMB or its agent. A BAFO may be requested from one or more proposers during the review and evaluation process. If the evaluation process does not lead to a viable recommendation and there are alterations to the original RFP requirements, the requirements will be presented to all Bidders with a due date for submission. Bidders will not be provided any information about other proposals, or where a Bidder stands in relation to others, at any time during the evaluation process.
Best and Final Offer (BAFO). If discussions are conducted, the State of Arizona shall issue a written request for Best and Final Offers (BAFO's). The request shall set forth the date, time and place for the submission of BAFO’s. BAFO’s shall be requested only once; unless, the State of Arizona makes a determination that it is advantageous to conduct further discussions.
Best and Final Offer (BAFO). At the conclusion of negotiations, the Offeror(s) may be asked to submit in writing, a best and final offer (BAFO). After the BAFO is submitted, no further negotiations shall be conducted with the Offeror(s). The Offeror’s proposal will be rescored to combine and include the information contained in the BAFO. The decision to award will be based on the final evaluation including the BAFO.
Best and Final Offer (BAFO). In a competitive proposal, the final offer submitted which contains the contractor’s most favorable terms for price. Bid/Proposal: The offer submitted by a vendor in a response to a written RFP. Bid Bond: An insurance agreement, accompanied by a monetary commitment, by which a third party (the surety) accepts liability and guarantees that the contractor will not withdraw the bid. Bidder: A contractor who submits a proposal in response to a written RFP. Breach: Violation of a contractual obligation by failing to perform or repudiation of one’s own promise.
Best and Final Offer (BAFO). In a competitive proposal, the final offer submitted which contains the contractor’s most favorable terms for price. Bid/Proposal: The offer submitted by a vendor in a response to a written RFP. Bid Bond: An insurance agreement, accompanied by a monetary commitment, by which a third party (the surety) accepts liability and guarantees that the contractor will not withdraw the bid. Bidder: A contractor who submits a proposal in response to a written RFP. Breach: Violation of a contractual obligation by failing to perform or repudiation of one’s own promise. Business: Any corporation, partnership, individual, sole proprietorship, joint-stock company, joint venture, or any other private legal entity. Business Day: Any weekday, except State-recognized holidays. Calendar Day: Every day shown on the calendar including Saturdays, Sundays, and State/Federal holidays. Cancellation: To call off or revoke a purchase order without expectation of conducting or performing it at a later time. COI – Certificate of Insurance Change Order: Document that provides amendments to an executed purchase order or contract. Collusion: An agreement or cooperation between two or more persons or entities to accomplish a fraudulent, deceitful, or unlawful purpose.
Best and Final Offer (BAFO). Xxxxx XXXX may request a Best and Final Offer (BAFO) from each bidder determined to be in the competitive range.
Best and Final Offer (BAFO). A revision of the originally submitted Proposal by a Respondent following a formal request for revisions of Proposals made to selected Respondents;
