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3 Examples of Best Effort Basis

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Best effort basis is an agreement that something will be attempted without any guarantee provided that it will succeed. The term implies use of an improvised approach and extraordinary efforts in the context of challenging conditions or constraints. The following are a few examples:

1. Scope Creep

A project manager is required by executives to skip scope management due diligence and accept expanded scope without extra time or resources. The project manager highlights the risks and accepts on a best effort basis.

2. Asset Sales

A real estate agent agrees to represent a difficult to sell asset such as an old warehouse that requires renovations. The agent specifies in the contract the risks that the asset can't be sold and state that they will represent the property on a best effort basis.

3. Managing Expectations

A manager asks an architect to complete a design in 24 hours that would normally take a week. The architect accepts the task but makes clear it is on a best effort basis.
Overview: Best Effort Basis
Type
Definition
An agreement to attempt a task that's likely to fail with the acknowledgement that success is not guaranteed.
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