As of 2024FAR 15.307
Detailed Answer
The Final Proposal Revision (formerly called Best and Final Offer or BAFO) is a critical milestone in negotiated procurements:
**When FPR occurs:**
- After discussions with competitive range offerors
- Contracting officer establishes common cutoff date
- All offerors in competitive range submit simultaneously
- Typically final opportunity before source selection
**What to include in FPR:**
- Address ALL weaknesses identified in discussions
- Provide clarifications requested by government
- Update technical approach improvements
- Revise pricing if warranted
- Correct any deficiencies noted
**FPR strategy:**
- Respond fully to every discussion item
- Consider competitive pricing adjustments
- Strengthen areas of concern
- Don't introduce new unrelated changes
- Review against evaluation criteria
**After FPR submission:**
- Discussions typically not reopened
- Proposals evaluated for source selection
- Award decision based on FPR content
- Limited opportunity for additional changes
- Next step is usually award announcement
**Important considerations:**
- FPR is generally your last word
- Incomplete responses hurt your evaluation
- Don't assume another round will occur
- Price appropriately for the opportunity
- Technical improvements should be substantive
**Common mistakes:**
- Not fully addressing discussion feedback
- Making changes that create new weaknesses
- Failing to verify compliance after revisions
- Last-minute pricing errors