SOW Contracts: 7 Steps to Create One

SOW Contracts: 7 Steps to Create One

An SOW (statement of work) is a contract between the contracting officer and the service provider. All the terms of the agreement are clearly stated in this contract. It is essential to both parties and helps protect and safeguard their rights. An SOW contract is often a part of the request proposal so that the exact terms of the agreement are highlighted and cleared out before starting the project.


Three Benefits of an SOW Contract

Legally Binding

Conduct a Transparent Process

Streamline Complex Projects

Seven Steps to Create an SOW Contract

Project Background

Purpose of the Project

Scope of Work

Tasks and Deadlines

Quality of Work

Testing the Product

Acceptance Criteria


Key terms


Conclusion

An SOW contract plays a major role for contractors and service providers who deal with the exchange of services for money. These contracts are generally short-term until the end product is supplied to the contract. The service provider must meet the product’s standards as stated in the contract. If you wish to learn about more such contracts, check out Law Insider and get your hands on various online courses.

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