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

• Upon issuance of award to Contractor, CMHA is accepting Contractor’s offer contained in the Fee Submission and/or Best and Final Offer.

• The services and/or purchases being offered in the Contract Documents, Fee Submission and/or Best and Final Offer and for the same prices and/or terms proposed therein.

• The complete contract will consist of the following elements: - This Tender Specification and its annexes; - The approved tender from the contractor and all its annexes; - The approved Best and Final Offer (BAFO) of the supplier with all its annexes; - The registered letter notifying the award decision; - Any subsequent documents that are accepted and signed by both parties, as applicable.

• This Contract, including the Request for Proposals, Contractor's Proposal, Contractor's Best and Final Offer, if any, all referenced documents, and any Purchase Order constitutes the entire agreement between the parties.

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” shall mean a formal document that is used to finalize negotiations with a Contractor.

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. (“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. Reference to “an Offer, “the Offer,” or “your Offer” means any of the Initial Offer, a Revised Offer, or the Best and Final Offer.

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).