A true statement of work (SOW) solution.
WHAT IS A SOW?
SOW BENEFITS
INSIGHTS & CASE STUDIES
Performance-based work packages make good business sense.
Morson Projects have been delivering robust statement of work solutions or ‘contract for services’ for over 40 years.
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.
BUSINESS BENEFITS
What are the advantages of a SOW?
SOWs provide a powerful solution for businesses to benefit from optimal deliverables and access to the best talent, without unnecessary overheads and the added headache of IR35 compliance.
Cost and control
An outcome-based SOW provides solutions to several issues, including project misalignment, variable costs, lack of control, poor efficiency and inconsistent quality.
We take on the responsibility of a project by establishing guaranteed deliverables – on time and to strict budgets – which helps to provide significant project cost savings by removing any inefficient working or the costs for rework.
Quality and delivery
Within Morson Projects, we manage the contract for services and assume complete responsibility for a project’s successful delivery by utilising a pool of talented workers, managing those teams to deliver against strict KPIs and outcomes.
Our clients can rest assured knowing we have expert oversight of the whole package of work. It is delivered to pre-agreed, fixed timeframes and a defined set of milestones, with the team at Morson Projects ensuring optimal delivery at every stage.
IR35
Morson Projects become the end client and is accountable for IR35 compliance and the associated risks.
A true statement of work must be genuinely outsourced and is not a way to mask the provision of labour as a consultancy agreement. Such a model means we are responsible for deploying reasonable care and correctly assessing the tax status of any PSCs we engage, which is an appealing proposition for our clients.
morson projects have constructed fixed price work packages for over 40 years
Since the introduction of IR35 legislation in 2000, we have successfully delivered more than 12,000 projects under SOWs
we have successfully delivered projects under SOWs with a value in excess of £750m
OUR APPROACH, YOUR SOLUTION
SOW. It’s in our DNA.
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.
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.
INSIGHTS & CASE STUDIES
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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 a revenue-boosting solution.