Definition
Best and Final Offer(BAFO)
A final round asking shortlisted bidders for their best terms.
Plain-English explanation
Used in negotiated and flexible procedures; treat it as a real deadline, not an invitation to haggle.
Related terms
Definition
A final round asking shortlisted bidders for their best terms.
Used in negotiated and flexible procedures; treat it as a real deadline, not an invitation to haggle.
Related terms