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counter offer
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How long is the counteroffer binding?
counteroffer = a response to an offer that proposes a different agreement while rejecting the previous offer

Thank you for the generous counteroffer, but we must decline.† (source) Henry H. Neff, The Second Siege, 2008

To a counteroffer.† (source)

I know that you asked me to tell you because you wanted to have a chance to make me a counter-offer.† (source) Ayn Rand, Atlas Shrugged, 1957

Make some kind of reasonable counteroffer:' This was the tricky part.† (source) Scott Pratt, An Innocent Client, 2013

The pair went back and forth in rapid succession, making offers and counteroffers until Ms.† (source) Henry H. Neff, The Maelstrom, 2012

Make a counteroffer:' Baker said.† (source) Scott Pratt, An Innocent Client, 2013

She refused to pay the price named, and after a moment's hesitation, met it by a counter-offer of half the amount.† (source) Edith Wharton, The House of Mirth, 1905