Business Finance
Colorado Technical University Procurement and Contracting Discussion

Colorado Technical University

Question Description

I’m working on a Business exercise and need support.

A sufficiently detailed statement of work (SOW) can assist with the negotiations during the bidding process as well as deal with potential conflicts during the execution of the contract. The SOW can be utilized to address risks such as not meeting requirements or non-performance of work.

Address the following in 4–5 pages:

  • Prepare a SOW with at least 8 sections.
  • You may use all of the information that you have compiled in the previous assignments to craft this final SOW.


Review and reflect on the knowledge that you have gained from this course. Based on your review and reflection, write 1 page on the following:

  • Evaluate your learning about contracting and procurement. How has this learning changed your mindset about project procurement?
  • Assess the effectiveness of project procurement processes and contracting strategy and how this strategy was used in the case study (scheduling tool implementation project).
  • Explain what legal and ethical considerations must be considered in the case study project (scheduling tool implementation project).
  • How did participating in discussions help your understanding of the subject matter? Is anything still unclear that could be clarified?


ACME Development Corporation (ADC), a developer of custom homes and apartment complexes, has decided to standardize its project management practices and processes across its national organization. The goal is to standardize with one single project-scheduling tool and to have the tool installed and be operational within 90 days. To this end, the company is forming a central project management office (PMO). Until now, project managers (there are 40 presently on staff distributed all over the United States) have been able to use whatever scheduling tool they liked, within their budget constraints. They have also been able to buy equipment and engage contractors at will. The PMO will be determining one scheduling tool that all PMs will be expected to use, exclusive of any other scheduling tools. The PMO will also develop and implement a standardized procurement process. Because the PMs are located across the United States, a Web-based solution seems likely to be the most successful tool.

As the project manager, you have been charged with implementing the procurement process, and you decide that your first project will be purchasing the scheduling tool for ACME Development Corporation.

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Final Answer


Procurement and Contracting Outline
Paragraph One
It provides an introduction to the Corporation’s Statement of Work.
Paragraph Two to Paragraph Eleven
Contains ten sections of The Corporation’s Statement of Work. These include: The purpose of
the project, the scope of work, the location of work, duration of performance, deliverables
schedule, applicable standards, acceptance criteria, special requirements, payment schedule and
miscellaneous section.
Paragraph Twelve
Provides a conclusion of the Statement of Work of ACME Development Corporation.



Statement of Work for ACME Development Corporation
Student’s Name
Institution Affiliation



Statement of Work for ACME Development Corporation
This section provides a detailed Statement of Work to help the ACME Development
Corporation with the negotiations during the bidding processes in purchasing a scheduling tool.
The statement of work for the Corporation includes ten sections. The purpose of the work section
describes the project and the reasons for purchasing the scheduling tool. The scope of the work
section describes what will be done and describes the tool involved. The location of the work
section describes the physical location where the work will be done. The duration of the
performance section specifies the period within which the corporation expects the tool to be
installed and ready to be used. Also, it shows the duration the corporation anticipates continuing
with the contract. The deliverables schedule section explains what is expected to be delivered
and the delivery time. The applicable standards section describes the corporation's specific
requirements that should be met when fulfilling the contract. The acceptance criteria section
shows how the corporation will determine if the tool is acceptable or not. The special
requirements section specifies the type of tool the corporation intends to purchase, the specific
employees intended to use the tool and the coverage area of the tool. The payment schedule

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