22nd January 2024
Statement of Works
WHAT IS A STATEMENT OF WORK?
A Statement of Work, which you’ll often see abbreviated to SoW, is a contractual agreement with a service provider to deliver a package of work. That’s the most important thing to remember – it’s not about employing a person to undertake work for you on your project, it’s a business to business contract and relationship. The service provider will work towards pre-agreed deliverables and milestones, which you, as the client, have specified in your package of work. Financial payments will only be released when the service provider successfully delivers each section of work detailed in the Statement of Work.
Where you have highly technical skill requirements, a SoW solution can allow you to access experienced service providers – drawing on their expertise to autonomously deliver advanced elements of a project plan.
STATEMENT OF WORK SOLUTIONS TO DRIVE AGILITY AND EXPERTISE
When organisations require specialist skills, not readily available in the contingent worker market, our SoW solution can ensure the right services are secured to support the delivery of project and business objectives.
Working with you we’ll take a deep dive into your requirements, analysing your fill rate success for engaging contingent workers to deliver niche services, investigating how projects will operate to assess their suitability to utilise a Statement of Work solution – and scoping an overarching structure to effectively and compliantly manage SoW contracts.
Our dedicated team will then support you to put in place a full tender request, evaluation and appointment process – to create the foundations of a scalable solution to attract external service providers to deliver your specialist requirements. They’ll also work with you throughout the process, so that all service providers are monitored against set milestones and deliverables, and project spend is managed effectively.
WHAT ARE THE BENEFITS OF USING A STATEMENT OF WORK SOLUTION?
CHALLENGES WE OFTEN HEAR…
“Our supply chain are struggling to find the right level of specialist skills within their contractor database.”
As organisations embark on more and more specialist projects, it’s not uncommon for there to become a disconnect between their supply chain having the availability and level of skill required within their contractor community. That’s why our Linx team take the time to review which elements of the project would be better delivered through Statement of Work packages and dedicated service providers.
MEET THE EXPERT
Richard Hanson has supported organisations with workforce solutions across a range of industry sectors. Working with them to understand how a Statement of Work solution can be developed to complement their direct hire and contingent worker strategies and ensure their businesses have access to the right skills to deliver their projects.
NEWS AND INSIGHTS
See the latest updates from the Linx team.