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Best and final offer

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Definitions Edit

General Edit

A best and final offer (BAFO) is

the final and best technical and price solution a vendor provides for a request for proposal in response to a request from a potential customer.

U.S. government Edit

A best and final offer (BAFO) is

[a]n opportunity for offerors in the competitive range to submit final proposals.[1]

References Edit

  1. NIST Special Publication 800-4, App. D, Glossary.

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