Guarantee Sign Statement Of Work Template For Free

The Statement of Work (SOW) is an important tool used internally or externally to govern project activities performed by vendors or by departments within the organization. It is also legally binding and must be approved by the project's client before work can commence.

How to complete your SOW template Title. Label your document as a statement of work, then include your business name and your client's name. ... Introduction. ... Purpose and objectives. ... Tasks. ... Deliverables. ... Schedule. ... Location. ... Budget, pricing, and payment schedule.

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.

Whether the SOW is written by the government or the contractor (or some combination of both), it is a key element of a contract. After the contract award, requirements in the SOW (and associated specifications) constitute the standard and discipline for the contractor's effort.

A statement of work (SOW) is a document that provides a description of a given project's requirements. It defines the scope of work being provided, project deliverables, timelines, work location, and payment terms and conditions.

It's also important for both parties to sign off on an SOW before any work begins as this makes it legally binding on both sides. Failure to do so could mean that one party has no legal recourse should things go wrong further down the line.

Follow these eight steps as you create your SOW: Introduce the project. ... Summarize the objectives. ... Describe the actual scope of work. ... Detail the project tasks. ... State the project schedule. ... List the project deliverables. ... Specify an adoption plan. ... State project management roles.

Who writes the statement of work? Like most project management documents, SoWs are best written collaboratively. However, there are two main parties involved: the client or service provider and the company. SoWs need to be approved by two parties before work on your project really begins.

Whether an RFP exists or not, the completion of an SOW should be a collaborative effort between buyer and seller. Many sole proprietors in business services and consulting will often create an SOW to propose a set of services to their clients.

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.