Definitions[]
General[]
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[]
A best and final offer (BAFO) is
| “ | [a]n opportunity for offerors in the competitive range to submit final proposals.[1] | ” |
References[]
- ↑ NIST Special Publication 800-4, App. D, Glossary.