Label Number Statement Of Work For Free

A Statement of Work can certainly be deemed to be a stand-alone agreement between a service provider and a customer, but that is usually not the intent of the parties or desired for legal purposes.

Each project requires a unique SOW that outlines the specifics of that engagement. That said, almost all SOWs will include seven elements: the Scope of Work, deliverables, time and resources, payment terms, client services, changes, and terms and conditions.

A statement of work is legally binding, but it is not the final, formal contract signed at the end of the contracting process. It can be thought of as the formal foundation of a final contract.

Performance-based statement of work A performance-based SOW clearly lays out the project's purpose, resources that will be provided, and deliverables that will be accomplished. But it does not provide details about how the work needs to be performed.

These are the steps you can take to create a simple, but well-defined statement of work. Introduce the project. ... Define the vision. ... Set the project requirements. ... Define the scope. ... Set the deadline of the project. ... Allocate key resources. ... Create the schedule. ... Specify the terms of payment and due dates.

Pitfalls in Creating a Statement of Work While creating a SoW might sound reasonably simple, you'll need to watch out for some common pitfalls: If the work statement is too vague, too broad, or too generic, it can leave room for multiple interpretations. This can create misunderstandings later in a project.

Purpose of the project. Scope of work being performed. Location of the project, project length, and any work requirements. Expected deadlines and deliverables.