Best and final offer

How it is used

Used in competitive buying and negotiation. State the deadline and scope of the request; calling an offer final does not explain all the procedure's rules.

Example sentences

1. The purchasing team asked each shortlisted supplier to submit a best and final offer by Friday.

   The request gives all remaining suppliers a defined last opportunity to improve their terms.

2. Our best and final offer includes installation, but it does not include three years of maintenance.

   The sentence specifies the package boundary so finality is not mistaken for unlimited service.

Common collocations

• submit a best and final offer
• request a best and final offer

Related terms

• counterofferA new offer made in reply to an offer you have received, usually with a different price or different conditions.
• quoteA written or spoken statement of the exact price a supplier will charge for a particular job, product or service.

More terms: Negotiations

• negotiate
• deal
• proposal
• compromise
• terms
• bottom line
• win-win
• concession
• deal-breaker
• meet halfway
• on the table
• client