Split Company Statement Of Work For Free

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.

Most statements of work include these sections: Objectives: Goals of the project. Scope: Work involved in the project. Deliverables: Products or services to be provided.

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.

Also known as a scope of work, a statement of work (SOW) defines the scope of a project between a business and a client. Keep in mind that an SOW only covers the specifics of a project?it doesn't take the place of a contractor agreement that goes into details like NDAs and deliverable ownership.

There are three main types of statement of work: Functional SOW. Performance SOW. Design SOW.

A statement of work should include all elements necessary for successful project completion, including the scope of the work to be done and what is not included; the timeline of when the work is to be completed; and any applicable legal or regulatory requirements.

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.