Get Forms 1243

The most important aspect of the SOW is the scope. The overall objective listed in the SOW should make sense and support what you have asked the vendor to do. Check to make sure the documented, detailed scope aligns to what you think the scope should be, and includes everything.

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.

A contract amendment allows the parties to make a mutually agreed-upon change to an existing contract. An amendment can add to an existing contract, delete from it, or change parts of it. The original contract remains in place, only with some terms altered by way of the amendment.

How to Write a Good Statement of Work Introduce the project. You always begin the statement of work with an introduction. ... 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.

Unlike an amendment, an addendum does not modify the existing terms of the contract, but rather it expands upon them. Addendums are typically used when parties wish to incorporate new details without disrupting the core elements of the original agreement.

The business person/team closest to the deal should be responsible for the first pass (whether drafting or reviewing). After all, they understand the ins and outs of the project better than anyone else. It is important not to make assumptions, use shortcuts or acronyms, or even gloss over steps in the SOW.

The following tips can be used as a reference when creating an SOW. Avoid verbs that can lead to vague statements. The phrase "the contractor shall perform" definitively states which party is to do the work. Avoid "should" or "may" because they leave the decision for action up to the contractor.

The following points will guide you on which areas you should direct your focus: Project Scope – The ins and outs in Statement of Work. ... Responsibility – Who is doing what? ... Estimate – The summary of project budget. ... Plan – The Project journey. ... Assumptions – Interrogate them all! ... No pressure – Take your time!

In terms of writing the statement of work, you'll want to be specific with this project document. You want to clarify the terms used to make them universally understood and clearly define who's going to do what and by what time those tasks must be completed.