# What Are the Financial Consequences of Breaching the Duty of Good Faith in an Rfp? ▴ Question

**Published:** 2025-08-09
**Categories:** Question

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![A multi-faceted algorithmic execution engine, reflective with teal components, navigates a cratered market microstructure. It embodies a Principal's operational framework for high-fidelity execution of digital asset derivatives, optimizing capital efficiency, best execution via RFQ protocols in a Prime RFQ](https://options.greeks.live/wp-content/uploads/2025/07/advanced-rfq-protocol-engine-for-institutional-digital-asset-derivatives.jpg)

## Concept

When an organization initiates a Request for Proposal (RFP), it enters into a nuanced and legally significant relationship with all participating bidders. This process is underpinned by an implicit covenant of [good faith](https://prime.greeks.live/area/good-faith/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite) and [fair dealing](https://prime.greeks.live/area/fair-dealing/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite), a foundational principle that mandates honesty and fairness in the evaluation and award of the contract. A breach of this duty, whether through overt favoritism, undisclosed evaluation criteria, or other deceptive practices, is a serious transgression with substantial financial and reputational consequences.

The resulting legal actions are not merely about penalizing the offending party; they are about restoring the aggrieved bidder to the economic position they would have occupied had the process been conducted with integrity. Understanding these consequences is critical for any entity that relies on competitive bidding for its commercial success.

The duty of good faith in the context of an [RFP](https://prime.greeks.live/area/rfp/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite) is a legal recognition that bidders invest significant resources ▴ time, money, and intellectual capital ▴ in preparing their proposals. They do so with the legitimate expectation that the process will be fair and that their submission will be evaluated on its merits, according to the criteria set forth in the RFP. When this expectation is violated, the law provides remedies to compensate for the resulting harm. These remedies are not uniform; they are tailored to the specifics of the breach and the nature of the harm suffered.

The [financial consequences](https://prime.greeks.live/area/financial-consequences/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite) can range from the recovery of [bid preparation costs](https://prime.greeks.live/area/bid-preparation-costs/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite) to the much more significant award of lost profits, and in some cases, the voiding of the improperly awarded contract. The severity of the outcome underscores the importance of a transparent and equitable procurement process for all parties involved.

![Abstract geometric forms depict a Prime RFQ for institutional digital asset derivatives. A central RFQ engine drives block trades and price discovery with high-fidelity execution](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-engine-optimizing-market-microstructure-for-high-fidelity-execution.jpg)

![A precise metallic and transparent teal mechanism symbolizes the intricate market microstructure of a Prime RFQ. It facilitates high-fidelity execution for institutional digital asset derivatives, optimizing RFQ protocols for private quotation, aggregated inquiry, and block trade management, ensuring best execution](https://options.greeks.live/wp-content/uploads/2025/07/advanced-principal-trading-systems-driving-high-fidelity-institutional-digital-asset-derivatives-rfq-execution-protocols.jpg)

## Strategy

A breach of the duty of good faith in an RFP can manifest in various ways, each with its own strategic implications for the aggrieved party. The core of any strategy to address such a breach is to demonstrate a clear link between the unfair action and the resulting financial harm. This requires a meticulous approach to documenting the entire RFP process, from the initial solicitation to the final award decision. The choice of legal strategy will depend on the nature of the breach, the strength of the evidence, and the desired outcome.

![Two intersecting technical arms, one opaque metallic and one transparent blue with internal glowing patterns, pivot around a central hub. This symbolizes a Principal's RFQ protocol engine, enabling high-fidelity execution and price discovery for institutional digital asset derivatives](https://options.greeks.live/wp-content/uploads/2025/07/principal-grade-digital-asset-derivatives-rfq-execution-engine.jpg)

## Forms of Breach and Corresponding Strategies

The specific actions that constitute a [breach of good faith](https://prime.greeks.live/area/breach-of-good-faith/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite) can be subtle or overt. Recognizing these actions is the first step in formulating a response.

- **Undisclosed Evaluation Criteria** ▴ This occurs when the procuring entity uses hidden preferences or criteria to evaluate bids, giving an unfair advantage to a favored bidder. The strategy here is to prove that the final decision was inconsistent with the published evaluation matrix.

- **Misrepresentation** ▴ This involves providing false or misleading information to bidders, which influences their proposals or their understanding of the [procurement process](https://prime.greeks.live/question/what-are-the-primary-legal-differences-between-a-tender-process-and-an-rfp-process-in-public-sector-procurement/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite). The legal approach would focus on demonstrating reliance on the false information and the resulting damages.

- **Favoritism and Bias** ▴ This is one of the most common forms of breach, where the procuring entity shows a clear preference for one bidder over others, regardless of the merits of their proposals. The strategy would involve gathering evidence of a pre-existing relationship or other indicators of bias.

- **Improper Disqualification** ▴ This happens when a compliant bid is wrongfully disqualified, often on flimsy or pretextual grounds. The legal recourse would be to challenge the basis for the disqualification and demonstrate the bid’s compliance with the RFP’s requirements.

> A claim for lost profits must be established with a reasonable degree of certainty, often requiring expert financial testimony.

![Precisely engineered circular beige, grey, and blue modules stack tilted on a dark base. A central aperture signifies the core RFQ protocol engine](https://options.greeks.live/wp-content/uploads/2025/07/core-prime-os-rfq-engine-digital-asset-derivatives-trading-system-execution.jpg)

## The Spectrum of Financial Remedies

The financial consequences of a breach are not one-size-fits-all. They are carefully calculated to reflect the specific harm suffered by the wronged bidder. The following table outlines the different types of financial remedies that may be sought:

### Financial Remedies for Breach of Good Faith in RFPs

| Remedy Type | Description | Basis of Calculation |
| --- | --- | --- |
| Bid Preparation Costs | Compensation for the direct costs incurred in preparing and submitting the bid. | Documented expenses, including labor, materials, and consulting fees. |
| Expectation Damages (Lost Profits) | The net profit the bidder would have earned if they had been awarded the contract. | Based on historical profit margins, industry data, or expert financial analysis. |
| Reliance Damages | Compensation for losses incurred as a result of relying on the promise of a fair process. | Can include costs beyond bid preparation, such as investments made in anticipation of winning the contract. |
| Punitive Damages | Awarded in rare cases of egregious or malicious conduct to punish the wrongdoer. | Determined by the court based on the severity of the breach. |

![A curved grey surface anchors a translucent blue disk, pierced by a sharp green financial instrument and two silver stylus elements. This visualizes a precise RFQ protocol for institutional digital asset derivatives, enabling liquidity aggregation, high-fidelity execution, price discovery, and algorithmic trading within market microstructure via a Principal's operational framework](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-high-fidelity-execution-via-rfq-protocols-optimizing-market-microstructure-and-price-discovery.jpg)

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## Execution

Successfully pursuing a claim for breach of good faith requires a disciplined and evidence-based approach. The execution of such a claim involves several critical steps, from the initial assessment of the case to the final presentation of damages. This process is akin to a forensic audit of the [procurement](https://prime.greeks.live/area/procurement/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite) process, designed to uncover and quantify the financial impact of the breach.

![Central nexus with radiating arms symbolizes a Principal's sophisticated Execution Management System EMS. Segmented areas depict diverse liquidity pools and dark pools, enabling precise price discovery for digital asset derivatives](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-prime-os-rfq-liquidity-orchestration.jpg)

## Building the Case a Step-by-Step Guide

The execution of a legal challenge to an unfair RFP process can be broken down into the following stages:

- **Initial Assessment** ▴ The first step is to conduct a thorough internal review of the RFP process and the submitted proposal. This involves gathering all relevant documentation, including the RFP itself, all communications with the procuring entity, and the final award decision.

- **Evidence Gathering** ▴ This is the most critical phase. It involves collecting evidence to support the claim of a breach. This can include emails, meeting minutes, witness testimony, and any other documentation that sheds light on the evaluation process.

- **Legal Consultation** ▴ Once a preliminary case has been established, it is essential to consult with legal counsel specializing in procurement law. They can provide an expert opinion on the strength of the case and the best course of action.

- **Quantification of Damages** ▴ This involves working with financial experts to calculate the financial harm suffered as a result of the breach. This is a detailed process that requires a rigorous analysis of financial data.

- **[Litigation](https://prime.greeks.live/area/litigation/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite) or Negotiation** ▴ The final step is to either initiate legal proceedings or attempt to negotiate a settlement with the procuring entity. The choice between these two options will depend on the specific circumstances of the case.

![An abstract system visualizes an institutional RFQ protocol. A central translucent sphere represents the Prime RFQ intelligence layer, aggregating liquidity for digital asset derivatives](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-engine-maximizing-liquidity.jpg)

## Quantifying Lost Profits a Practical Example

The calculation of [lost profits](https://prime.greeks.live/area/lost-profits/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite) is a central element in many breach of good faith cases. The following table provides a simplified example of how these damages might be calculated for a hypothetical construction project:

### Example Calculation of Lost Profits

| Component | Amount | Notes |
| --- | --- | --- |
| Estimated Contract Value | $5,000,000 | The total value of the contract that was improperly awarded. |
| Estimated Project Costs | $4,200,000 | Includes labor, materials, and subcontractor costs. |
| Gross Profit | $800,000 | Estimated Contract Value – Estimated Project Costs. |
| Overhead Allocation | $150,000 | A portion of the company’s general overhead costs allocated to this project. |
| Net Profit | $650,000 | Gross Profit – Overhead Allocation. This represents the lost profit that would be claimed as damages. |

> The burden of proof in a bad faith claim is high, requiring clear and convincing evidence of improper conduct.

In addition to these direct financial consequences, a breach of the duty of good faith can have other, less tangible impacts. These can include damage to a company’s reputation, loss of future business opportunities, and the erosion of trust in the procurement process. These long-term consequences can be just as damaging as the immediate financial losses and should not be overlooked when considering the full impact of a breach.

![Intersecting angular structures symbolize dynamic market microstructure, multi-leg spread strategies. Translucent spheres represent institutional liquidity blocks, digital asset derivatives, precisely balanced](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-execution-platform-4.jpg)

## References

- Atkin Chambers. “ETHICS IN THE TENDER PROCESS ▴ IMPLIED DUTY OF GOOD FAITH AND REMEDIES FOR BREACH.” Atkin Chambers, 2017.

- “TigerSwan, Inc. v. United States.” United States Court of Federal Claims, No. 12-861C, 2 April 2013.

- Field Law. “In Good Faith ▴ Seven Cases Impacting Your Contracts.” Field Law, 2022.

- “Recent Cases Show a Rise in Procedural Remedies.” Procurement Office, 2018.

- Einhorn, Barbarito, Frost & Botwinick, PC. “Lost Profits Recoverable as Damages for a Contractual Breach, Bad Faith Performance, or Contractual Interference.” 2019.

- “What Are The Consequences Of A Contract Breach In Procurement?” oboloo, 7 March 2023.

- Feldman & Feldman, PC. “Understanding the ‘Duty of Good Faith and Fair Dealing’ in Business.” 23 May 2024.

- Alexander Holburn Beaudin + Lang LLP. “Procurement Legal Basics ▴ Duty of Good Faith in RFPs vs. Tenders.” 11 October 2016.

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## Reflection

The principles of good faith and fair dealing are the bedrock of a transparent and efficient procurement system. A breach of this duty is a serious matter with far-reaching consequences, extending beyond the immediate financial losses to impact the very integrity of the marketplace. For any organization that participates in competitive bidding, a deep understanding of these principles is not just a legal necessity; it is a strategic imperative.

The ability to recognize and respond to a breach of good faith is a critical component of risk management and a key determinant of long-term success. Ultimately, a fair and transparent procurement process benefits all parties, fostering a competitive environment where the best proposals prevail on their merits.

![Abstract layers in grey, mint green, and deep blue visualize a Principal's operational framework for institutional digital asset derivatives. The textured grey signifies market microstructure, while the mint green layer with precise slots represents RFQ protocol parameters, enabling high-fidelity execution, private quotation, capital efficiency, and atomic settlement](https://options.greeks.live/wp-content/uploads/2025/07/prime-os-layered-rfq-protocol-for-digital-asset-execution-system.jpg)

## Glossary

<a href="https://prime.greeks.live/area/fair-dealing/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![An intricate, transparent cylindrical system depicts a sophisticated RFQ protocol for digital asset derivatives. Internal glowing elements signify high-fidelity execution and algorithmic trading](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-execution-protocol-architecture.jpg)

## Fair Dealing

Meaning ▴ Fair Dealing, within the operational and ethical framework of crypto investing and institutional trading, refers to the principle that all market participants, particularly liquidity providers and trading platforms, must treat clients equitably and transparently. </a><a href="https://prime.greeks.live/area/good-faith/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![Precision-engineered multi-vane system with opaque, reflective, and translucent teal blades. This visualizes Institutional Grade Digital Asset Derivatives Market Microstructure, driving High-Fidelity Execution via RFQ protocols, optimizing Liquidity Pool aggregation, and Multi-Leg Spread management on a Prime RFQ](https://options.greeks.live/wp-content/uploads/2025/07/precision-engineered-multi-vane-system-illustrating-institutional-digital-asset-derivatives-rfq-protocols-market-microstructure-optimized-liquidity-aggregation-prime-os-high-fidelity-execution.jpg)

## Good Faith

Meaning ▴ Good Faith, within the intricate and often trust-minimized architecture of crypto financial systems, denotes the principle of honest intent, fair dealing, and transparent conduct in all participant interactions and contractual agreements. </a><a href="https://prime.greeks.live/area/rfp/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![A central hub with four radiating arms embodies an RFQ protocol for high-fidelity execution of multi-leg spread strategies. A teal sphere signifies deep liquidity for underlying assets](https://options.greeks.live/wp-content/uploads/2025/07/digital-asset-derivatives-rfq-engine-for-optimal-multi-leg-spreads.jpg)

## Rfp

Meaning ▴ An RFP, or Request for Proposal, within the context of crypto and broader financial technology, is a formal, structured document issued by an organization to solicit detailed, written proposals from prospective vendors for the provision of a specific product, service, or solution. </a><a href="https://prime.greeks.live/area/financial-consequences/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![A sleek, metallic algorithmic trading component with a central circular mechanism rests on angular, multi-colored reflective surfaces, symbolizing sophisticated RFQ protocols, aggregated liquidity, and high-fidelity execution within institutional digital asset derivatives market microstructure. This represents the intelligence layer of a Prime RFQ for optimal price discovery](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-protocols-system-architecture-for-optimal-price-discovery-and-high-fidelity-execution.jpg)

## Financial Consequences

Meaning ▴ Financial Consequences, within crypto investing and smart trading systems, refer to the direct and indirect monetary impacts resulting from specific actions, events, or system states. </a><a href="https://prime.greeks.live/area/bid-preparation-costs/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![Illuminated conduits passing through a central, teal-hued processing unit abstractly depict an Institutional-Grade RFQ Protocol. This signifies High-Fidelity Execution of Digital Asset Derivatives, enabling Optimal Price Discovery and Aggregated Liquidity for Multi-Leg Spreads](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-protocol-high-fidelity-best-execution.jpg)

## Bid Preparation Costs

Meaning ▴ Bid Preparation Costs, in the specialized domain of crypto Request for Quote (RFQ) and institutional options trading, denote the aggregate expenses incurred by a market participant, typically a liquidity provider or a dealer, in formulating and submitting a price quotation for a digital asset or its derivatives. </a><a href="https://prime.greeks.live/area/breach-of-good-faith/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![An abstract digital interface features a dark circular screen with two luminous dots, one teal and one grey, symbolizing active and pending private quotation statuses within an RFQ protocol. Below, sharp parallel lines in black, beige, and grey delineate distinct liquidity pools and execution pathways for multi-leg spread strategies, reflecting market microstructure and high-fidelity execution for institutional grade digital asset derivatives](https://options.greeks.live/wp-content/uploads/2025/08/institutional-digital-asset-derivatives-rfq-protocol-displaying-multi-leg-execution-status-and-optimal-liquidity-pathways.jpg)

## Breach of Good Faith

Meaning ▴ Breach of Good Faith, within the architecture of crypto request for quote (RFQ) systems, institutional options trading, and smart trading environments, signifies a failure by a participant to act honestly, fairly, and transparently in a contractual or transactional relationship. </a><a href="https://prime.greeks.live/question/what-are-the-primary-legal-differences-between-a-tender-process-and-an-rfp-process-in-public-sector-procurement/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![A transparent glass sphere rests precisely on a metallic rod, connecting a grey structural element and a dark teal engineered module with a clear lens. This symbolizes atomic settlement of digital asset derivatives via private quotation within a Prime RFQ, showcasing high-fidelity execution and capital efficiency for RFQ protocols and liquidity aggregation](https://options.greeks.live/wp-content/uploads/2025/07/architecting-high-fidelity-execution-for-institutional-digital-asset-derivatives-rfq-protocols-and-systemic-liquidity-aggregation.jpg)

## Procurement Process

A tender creates a binding process contract upon bid submission; an RFP initiates a flexible, non-binding negotiation. </a><a href="https://prime.greeks.live/area/procurement/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![Internal components of a Prime RFQ execution engine, with modular beige units, precise metallic mechanisms, and complex data wiring. This infrastructure supports high-fidelity execution for institutional digital asset derivatives, facilitating advanced RFQ protocols, optimal liquidity aggregation, multi-leg spread trading, and efficient price discovery](https://options.greeks.live/wp-content/uploads/2025/07/prime-os-core-rfq-engine-for-institutional-digital-asset-options.jpg)

## Procurement

Meaning ▴ Procurement, within the systems architecture of crypto investing and trading firms, refers to the strategic and operational process of acquiring all necessary goods, services, and technologies from external vendors. </a><a href="https://prime.greeks.live/area/litigation/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![A precision instrument probes a speckled surface, visualizing market microstructure and liquidity pool dynamics within a dark pool. This depicts RFQ protocol execution, emphasizing price discovery for digital asset derivatives](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-protocol-execution-flow.jpg)

## Litigation

Meaning ▴ Litigation refers to the process of resolving disputes through legal action in a court system. </a><a href="https://prime.greeks.live/area/lost-profits/?utm_source=options.greeks.live&utm_medium=referral&utm_campaign=satellite" class="glossary-item-box">
![A sleek, spherical white and blue module featuring a central black aperture and teal lens, representing the core Intelligence Layer for Institutional Trading in Digital Asset Derivatives. It visualizes High-Fidelity Execution within an RFQ protocol, enabling precise Price Discovery and optimizing the Principal's Operational Framework for Crypto Derivatives OS](https://options.greeks.live/wp-content/uploads/2025/07/precision-lens-for-institutional-digital-asset-derivatives-rfq-execution.jpg)

## Lost Profits

Meaning ▴ Lost Profits refer to the monetary damages sought in legal or contractual disputes, representing the net earnings or economic benefit that a party would have reasonably gained had an adverse event, such as a breach of contract or operational failure, not occurred. </a>

**Tags:** [Contract B](https://options.greeks.live/area/contract-b/), [Tender Process](https://options.greeks.live/area/tender-process/), [Breach of Good Faith](https://options.greeks.live/area/breach-of-good-faith/), [Contract Law](https://options.greeks.live/area/contract-law/), [Good Faith](https://options.greeks.live/area/good-faith/), [Litigation](https://options.greeks.live/area/litigation/)	

## Discover More

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### [Can a Poorly Handled Rfp Amendment Process Form the Basis for a Lawsuit from an Unsuccessful Bidder?](https://options.greeks.live/question/can-a-poorly-handled-rfp-amendment-process-form-the-basis-for-a-lawsuit-from-an-unsuccessful-bidder/)
![A futuristic apparatus visualizes high-fidelity execution for digital asset derivatives. A transparent sphere represents a private quotation or block trade, balanced on a teal Principal's operational framework, signifying capital efficiency within an RFQ protocol. The sharp upper blade implies price discovery and best execution across market microstructure.](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-execution-via-prime-os.jpg)

A flawed RFP amendment process can be grounds for a lawsuit by establishing a breach of the implied contract of procedural fairness.

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A private company can legally avoid a contractual duty of fairness in an RFP by explicitly disclaiming the formation of a preliminary contract and reserving its discretion through carefully drafted clauses.

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A breach of procurement fairness triggers quantifiable damages, including lost profits and bid costs, to restore market integrity.

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### [Under What Circumstances Might a Seemingly Non-Binding Rfp Be Interpreted as Binding by a Court?](https://options.greeks.live/question/under-what-circumstances-might-a-seemingly-non-binding-rfp-be-interpreted-as-binding-by-a-court/)
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A seemingly non-binding RFP can be interpreted as binding when the language and conduct of the parties indicate an intention to create a contractual relationship.

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In an RFP dispute, bid preparation costs restore a bidder's capital outlay, while lost profits are a speculative gain the system is designed to withhold.

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![Abstract machinery visualizes an institutional RFQ protocol engine, demonstrating high-fidelity execution of digital asset derivatives. It depicts seamless liquidity aggregation and sophisticated algorithmic trading, crucial for prime brokerage capital efficiency and optimal market microstructure.](https://options.greeks.live/wp-content/uploads/2025/07/institutional-digital-asset-derivatives-rfq-execution-system-1.jpg)

A private company minimizes legal exposure from an RFP cancellation through meticulously drafted reservation of rights clauses and a rigorously documented, fair procedural execution.

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![A central, multifaceted RFQ engine processes aggregated inquiries via precise execution pathways and robust capital conduits. This institutional-grade system optimizes liquidity aggregation, enabling high-fidelity execution and atomic settlement for digital asset derivatives.](https://options.greeks.live/wp-content/uploads/2025/07/institutional-rfq-protocol-engine-high-fidelity-digital-asset-execution.jpg)

The duty of good faith applies as a rigid procedural mandate in public RFPs and a flexible commercial standard in private RFPs.

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### [Can a Bidder Sue for Lost Profits If an RFP Is Canceled after They Were Verbally Notified of Winning?](https://options.greeks.live/question/can-a-bidder-sue-for-lost-profits-if-an-rfp-is-canceled-after-they-were-verbally-notified-of-winning/)
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Suing for lost profits post-RFP cancellation hinges on translating a verbal notice into a legally enforceable promise, a high-threshold execution.

- 
### [What Are the Legal Remedies Available to a Bidder If an Issuer Breaches the Terms of an RFP?](https://options.greeks.live/question/what-are-the-legal-remedies-available-to-a-bidder-if-an-issuer-breaches-the-terms-of-an-rfp/)
![Two dark, circular, precision-engineered components, stacked and reflecting, symbolize a Principal's Operational Framework. This layered architecture facilitates High-Fidelity Execution for Block Trades via RFQ Protocols, ensuring Atomic Settlement and Capital Efficiency within Market Microstructure for Digital Asset Derivatives.](https://options.greeks.live/wp-content/uploads/2025/08/institutional-digital-asset-derivatives-prime-os-execution-protocol.jpg)

A breach of RFP terms by an issuer activates a bidder's right to pursue legal remedies based on the "Contract A" framework.

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---

**Original URL:** https://options.greeks.live/question/what-are-the-financial-consequences-of-breaching-the-duty-of-good-faith-in-an-rfp/
