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
Signature Page for Work Order Contract No. HHS000006800008 Under System Agency Master Contract No. HHS000006800001 Health and Human Services Commission Xxxxxx and Xxxxxxx, L.L.P. Name: Title: Xxxxxx Xxxxxx Principal Deputy Inspector General Name: Title: Xxxxx Xxxxxx Partner Date of signature: 11/17/2022 Date of signature: 11/17/2022 Attachments to This Work Order: Attachment A - Work Order Request Attachment B - Contractor’s Proposal & Best and Final Offer Pricing WORK ORDER CONTRACT NO.
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" 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” shall mean a formal document that is used to finalize negotiations with a Contractor.
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 or “BAFO”: Contractor's best and final offer in response to a request from the Counties, dated September 20, 2013.
Best and Final Offer means the final proposal submitted after negotiations are completed that contains the vendor’s most favourable terms. Best and final offers are used as an optional final stage to the Request for Proposal process to ensure the County receives the absolute best solution. Where there is a tie score or where the top two or three proposals are all lacking in certain critical areas this process may be used as an optional final stage to the RFP process to ensure the County receives the absolute best solution. The Selection Committee short lists the proposals capable of delivering the required results. Finalists are provided detailed questions formulated by the committee related to their proposals or informed of areas that are deficient and are given the opportunity to improve their original proposal. Amended sections are then re-evaluated and re-scored according to the evaluation process defined in the RFP. The best and final offer permits the County to obtain revised proposals with little extra effort and significantly reduces the risk of awarding a contract based on a mediocre proposal. (See Section 14.0) Where there is only one of the bidders involved in a tie situation that is considered “local”, the local vendor shall be awarded the contract. (“Local” in this instance means the vendor has their primary business headquarters located within the County of Simcoe (includes the Cities of Barrie and Orillia). All vendors who meet the definition of local are considered equal under this definition)