Dictionary of Procurement Terms

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Search Results: 1-1 of 1 result for “Statement of Work”
  • Statement of Work

    A written description in the contract detailing performance expectations and deliverables between the contracting parties. After a supplier has been selected, the statement of work becomes the basis for the contract and must provide sufficient information to meet the entity’s needs and achieve successful outcomes, describe and define the expectations of the parties, set price and payment schedules, and mitigate or avoid disputes.

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