Dictionary of Procurement Terms

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Search Results: 1-1 of 1 result for “Best and Final Offer (BAFO)”
  • Best and Final Offer (BAFO)

    A process requested from one proposer or short-listed proposers for their best price(s) for a specific solicitation prior to determining of contract award. Sometimes referred to as BAFO and utilized during the Request for Proposals method of procurement.

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