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A statement of work (((SOW))) It,s mean that is a formal document that captures and defines the work activities, deliverable and timeline a vendor must execute in performance of specified work for a client. The SOW usually includes detailed requirements and pricing, with standard regulatory and governance terms and conditions. It thus overlaps in concept with a contract and indeed SOWs are often legally equivalent to contracts
Set of tasks or list of actions you will perform to deliver your product or service.
A statement of work (SOW) is a formal document that captures and defines the work activities, deliverables, and timeline a vendor must execute in performance of specified work for a client. The SOW usually includes detailed requirements and pricing, with standard regulatory and governance terms and conditions. It thus overlaps in concept with a contract, and indeed SOWs are often legally equivalent to contracts.
A statement of work typically addresses the following subjects:
· Purpose
· Scope of Work
· Location of Work
· Period of Performance
· Deliverables Schedule
· Applicable Standards
· Acceptance Criteria
· Special Requirements
· Type of Contract/Payment Schedule
· Miscellaneous: Many items that are not part of the main negotiations may be listed
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