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Statement Of Objectives
The statement of objectives is one part of a request for proposal from the U.S. Government. The statement of objectives is an alternative to a government prepared statement of work A statement of work (SOW) is a document routinely employed in the field of project management. It is the narrative description of a project's work requirement. It defines project-specific activities, deliverables and timelines for a vendor providin ... (SOW). A SOO provides the government's overall objectives and the offeror's required support to achieve the contractual objectives. Offerors use the SOO as a basis for preparing a SOW which is then included as an integral part of the proposal which the government evaluates during the source selection. This concept and approach was introduced with the 1996 Preparation of Statement of Work Handbook to support the underlying acquisition reform goals of "better, faster, cheaper" by allowing offerors maximum freedom to achieving the government objectives. This ...
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Statement Of Work
A statement of work (SOW) is a document routinely employed in the field of project management. It is the narrative description of a project's work requirement. It defines project-specific activities, deliverables and timelines for a vendor providing services to the client. The SOW typically also includes detailed requirements and pricing, with standard regulatory and governance terms and conditions. It is often an important accompaniment to a master service agreement or request for proposal (RFP). Overview Many formats and styles of statement of work document templates have been specialized for the hardware or software solutions described in the request for proposal. Many companies create their own customized version of SOWs that are specialized or generalized to accommodate typical requests and proposals they receive. However, it is usually informed by the goals of the top management as well as input from the customer and/or user groups. Note that in many cases the statement ...
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Federal Acquisitions Streamlining Act
The Federal Acquisition Streamlining Act of 1994 (; ) is a United States law that was enacted in 1994 with the goal of lowering procurement barriers. This Act enables Simplified Acquisition Procedures where the procurement is limited, facilitates reliance of Commercial off-the-shelf (COTS) technology, and promotes the use of fixed-price Performance Based Contracting. The law alters the United States government procurement strategy from lowest bid to best value. The Federal Acquisition Streamlining Act and the Federal Acquisition Reform Act The Federal Acquisition Reform Act of 1996 was U.S. national legislation enacted as Division D of the National Defense Authorization Act for Fiscal Year 1996 (; ). Together with the Information Technology Management Reform Act of 1996 The Informati ... of 1996 removed the traditional oversight mechanisms that had been in place for decades and paved the way for a new method of awarding federal government contracts. Contracts must meet 90% of ...
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