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
Best and Final Offer, submitted by a Vendor to alter its initial bid, made in response to a request by the issuing agency.
This includes solicitations of a Best and Final Offer from one or more of the proposers.
The State reserves the right to negotiate with one or more Vendors, or to reject all original offers and negotiate with one or more sources of supply that may be capable of satisfying the requirement, and in either case to require Vendor to submit a Best and Final Offer (BAFO) based on discussions and negotiations with the State.
The State reserves the right to conduct more than one Best and Final Offer.
Best and Final Offer, submitted by a Vendor to alter its initial offer, made in response to a request by the issuing agency.
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 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 Revision.