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Time And Materials SOW Template
I need a Time and Materials SOW Template for a 6-month software development project starting January 2025, with variable resource requirements and the ability to scale the team size between 5-15 developers based on project needs.
1. Parties: Identification and details of contracting parties
2. Background: Context and purpose of the SOW, including reference to any master services agreement
3. Definitions: Key terms used throughout the document including Time and Materials basis, Rates, Materials, etc.
4. Scope of Services: Detailed description of services to be provided, including deliverables and methodology
5. Time and Materials Rates: Agreed rates for labor, pricing structure, and materials costs
6. Payment Terms: Billing frequency, payment methods, timelines, and invoicing requirements
7. Duration and Timeline: Project timeline, start date, end date, and key milestones
8. Personnel and Resources: Key personnel, roles, responsibilities, and resource allocation
9. Governance: Project management, reporting requirements, and communication protocols
1. Change Control: Process for managing changes to scope, rates, or resources - recommended for complex projects
2. Performance Metrics: KPIs, service levels, and performance measurement criteria - used when specific standards must be met
3. Security Requirements: Security measures, compliance requirements, and data protection protocols - essential when handling sensitive information
4. Business Continuity: Disaster recovery and business continuity requirements - important for critical services
5. Exit Management: Procedures for service transition or termination - recommended for long-term engagements
1. Schedule 1 - Rate Card: Detailed breakdown of all applicable rates, including standard rates, overtime rates, and expense categories
2. Schedule 2 - Resource Schedule: List of assigned personnel, their roles, qualifications, and availability
3. Schedule 3 - Technical Requirements: Detailed technical specifications, system requirements, and technical standards
4. Schedule 4 - Service Levels: Detailed service level agreements, performance metrics, and measurement methodologies
5. Schedule 5 - Compliance Requirements: Regulatory requirements, industry standards, and compliance obligations
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