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Project Agreements - Why Are They Integral To Outsourcing Projects?
by Sabra Easterday on Mar 30, 2010
Outsourcing projects can be a very good business move for many businesses. Businesses often outsource particular projects or certain non-core processes for a variety of reasons, such as faster completion, expertise services, cost savings etc.Project outsourcing involves hiring external service providers, whether consultants, freelancers or companies, and delegating work to them. Often times, the potential external service providers are located in offshore countries, which might be more economical for your project, but can increase anxiety and skepticism about the offshore service provider’s quality and commitment to the project. This is why it is important to put in place a written project agreement at the commencement of the project.A project agreement is a binding contract between client and the service provider that details all aspects of the project. Think of a project agreement as an insurance policy that helps ensure the project will be delivered on time, within budget...Read More >>
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