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A statement of work means all provisions of a contract that describe the services or work to be performed or products to be delivered by a contractor, subcontractor, or agency, as specified in the document. A statement of work's products may include any related technical specifications, deadlines, or deliverables.

What is a statement of work template? A statement of work template agreed-upon between an agency and a client clearly defines what work to include within a project and what isn't part of it. In itself, an SoW template is a project contract that establishes and aligns the expectations for both parties.

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 statement of work is a legally binding agreement between a client and a vendor that describes the terms and conditions for the execution of a project's scope of work. There's a lot of information to describe in the SOW.

OverviewWhat the project is, the purpose of the project and why it's happening, and what it will achieve. GovernanceWho has approval. Work breakdown structure (WBS)How the project will be completed, what approach will be taken, and the specific tasks and phases that will be completed.

How to Write a Good 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.

Why Use a Statement of Work Template? A statement of work or SOW, is a legally binding agreement between a client and a vendor, service provider or any party executing a project. It basically defines the scope of work, and the agreed-upon conditions before the project start.