Submitting a offer up to a limit?

[Charles Soper]

One of the BP podcasts in the past few months (year maybe) had a guest who talked about submitting offers on properties that were “flexible.”  Something like putting in a offer of $140k and will beat any other offer up to $150k with verifiable proof of offer.”

Does anybody recall this method or the particulars?

[Russell Brazil]

It is called an escalation clause