Common use of Best and Final Offer Clause in Contracts

Best and Final Offer. In a competitive bid, the final offer submitted which contains the bidder’s most favorable terms for price. Bid: An offer, or quote submitted by a Vendor in a response to a written solicitation. Bidder: A Vendor who submits an offer bid in response to a written solicitation.

Best and Final Offer. In a competitive bid, the final offer submitted which contains the bidder’s most favorable terms for price. Bid: An offer, bid, or quote submitted by a Vendor in a response to a written solicitation. Bidder: A Vendor who submits an offer bid in response to a written solicitation.