STATEMENT OF WORK (SOW)
Performance-based work packages make good business sense.
Delivery of engineered solutions to defined SOWs remain an attractive alternative to conventional recruitment models, and the value we can provide through a true statement of work goes beyond IR35 compliance to ensure we can solve our clients’ pain points to add revenue-boosting solutions.
At Morson Talent our SOW solutions are delivered by our sister company Morson Projects who have been delivering statement of work solutions or ‘contract for services’ for over 40 years. To create a robust SOW solution, we seek to immerse ourselves in an organisation and project to collaboratively understand which bodies of work lend themselves to a fixed price statement of work.
Whilst SOWs are incredibly commonplace in the engineering, IT and tech sectors, many industries can, in fact, benefit from making the leap to this new way of working.
THE SOW LOWDOWN
What is a statement of work (SOW)?
Over recent years, we have seen several operators enter the market, claiming to deliver ‘true’ SOW solutions. Whilst there is no prescribed format, a robust statement of work would comprise a ‘contract for services’ – something which governs the relationship and outputs agreed between the business and Morson Projects. Alongside pre-agreed T&Cs, each party would define the scope of work and commercial arrangements, including fees, timescales and outputs.
An outcome-based SOW provides solutions to several issues, including project misalignment, variable costs, lack of control, poor efficiency and inconsistent quality. By recognising these factors, it’s easy to understand why performance-based work packages make good business sense.