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There are many specifications for a particular contract in a company. The details are of paramount importance to the company. And thus it is mandatory to keep a proper record sheet that can be referred to as and when needed. Statement of work serves this purpose the best. It is a formal document that includes all the work related information in an agenda. It shall categorically mention the date and name of the delivered products from the vendor. It shall also clearly state which department has been assigned the particular work and the concerned person in charge of getting the job done. Statement of work specifies all the essential facilities or resources of the company which are involved in the work procedures. The governance policy is an essential component of any work and hence it appears in the statement of work. Finally, it mentions the date of payment and deadline of work. The concepts under statement of work are lucid. Hence, Statement of Work Homework Help shall simplify the learning process by providing coherent information on the context.
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Features and types of statement of work
1. Format: It is very necessary that the parties involved agree to and decide upon a particular format. The systematic representation of data is crucial for saving time and simplifying the work. Thus, a format has prime importance. A lot of companies formulate their personalized formats. But a basic format includes the scope of work, required documents and details along with the specific need in the work. Scope simply gives idea about nature of work. The documentation part must include the document number and titles. The specific needs mention about the resource and staff required for the particular work.
2. Detail statement of work: These types of SOWs shall include instructor from the buyers. In simple terms, the purchaser shall declare in the SOW the exact procedures of the work to be done. They clarify the requirements and the contractor follows it accordingly. It should be understood here that the purchaser has risks here because he has chosen the manner of work and procedure. For further information, go through Statement of Work Homework Help.
3. Time and materials statement of work: practically, this kind of SOW can be prepared for every work as this enlists the time within which the work has to be accomplished along with the materials or resources that shall be required in it. For more details, refer Statement of Work Homework Help.
4. Statement of work based on performance: Of all the types of SOWs, this one is most widely acceptable. This SOW does not speak of how the contractor needs to prepare a product. Rather it enlists the performance aspects of the required product which must be fulfilled by the contractor.
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