Definition
A Final Proposal Revision (FPR) is the updated proposal submitted by offerors in the competitive range after discussions conclude, representing their best and final offer for source selection. The contracting officer establishes a common cut-off date for receipt of FPRs. FPRs are the basis for final evaluation and source selection decision; offerors should address all weaknesses identified during discussions and present their most competitive offer. After FPR submission, discussions are typically not reopened unless the contracting officer determines it is in the government's best interest. The FPR represents the offeror's last opportunity to improve their proposal before source selection. Previously called "Best and Final Offer" (BAFO), the FAR now uses "Final Proposal Revision" terminology.
Also Known As
- FPR
- Best and Final Offer
- BAFO
Examples
Common Mistakes to Avoid
- ✕Not fully addressing weaknesses identified during discussions
- ✕Making significant changes without clear justification
- ✕Assuming there will be another round of revisions
Who Should Know This Term
Proposal managers, pricing analysts, capture managers
Official Source
FAR 15.307