Project Management Project Readiness

PROJECT READINESS ASSESSMENT AND AGREEMENT

Recitals

WHEREAS, Client Name: and Service Provider Name: desire to document the readiness conditions and terms under which the Provider will commence project management services for the Project; and

WHEREAS, Project Name: requires verification of resources, scope, schedule, and approvals as a condition precedent to substantial work commencing, and the parties wish to set forth the obligations and acceptance criteria for project readiness.

NOW, THEREFORE, in consideration of the mutual covenants contained herein, the parties agree as follows.

Scope of Work

Project Details

Readiness Checklist

The following items shall be verified prior to Provider commencing substantial project activity. Check each item when confirmed and note any qualifications in the Comments fields.

Resources (staff and contractor allocations confirmed)

Key stakeholders identified and contact information provided

Scope, requirements, and technical acceptance criteria documented

Initial schedule and milestone approvals secured

Tools, systems, and access permissions provisioned

Initial risk register created and mitigation strategies identified

Payment Terms

Total Contract Amount: $

Late Payment: Unpaid amounts shall accrue interest at the lesser of 1.5% per month or the maximum rate permitted by applicable law, plus a late fee of $ and a penalty of per month on overdue balances.

All payments due under this Agreement are exclusive of taxes. Client shall be responsible for any taxes applicable to payments, excluding taxes based on Provider's net income.

Term and Termination

Term Commencement Date:     Term Expiration Date:

Either party may terminate this Agreement for convenience upon prior written notice to the other party. In the event of material breach, the non-breaching party may terminate immediately if the breaching party fails to cure the breach within a commercially reasonable cure period not to exceed 15 days after written notice.

Upon termination, Client shall pay Provider for all services performed and reasonable costs incurred through the effective date of termination, subject to any offsets permitted by law or expressly agreed by the parties.

Confidentiality

Each party shall maintain in confidence all Confidential Information of the other party disclosed in connection with the Project and shall not disclose such Confidential Information to any third party except to employees, agents, or subcontractors who have a need to know and who are bound by confidentiality obligations no less protective than those set forth herein. "Confidential Information" excludes information that (i) is or becomes public through no breach of this Agreement, (ii) was known to the receiving party prior to disclosure, (iii) is rightfully received from a third party without obligation of confidentiality, or (iv) is independently developed by the receiving party without use of the disclosing party's Confidential Information.

Upon written request or upon termination, receiving party shall return or destroy Confidential Information of the disclosing party, except for one archival copy retained solely for compliance purposes.

Governing Law

This Agreement shall be governed by and construed in accordance with the laws of the State of without regard to its conflicts of law principles.

Representations and Warranties

Each party represents and warrants that it has the full right, power, and authority to enter into and perform its obligations under this Agreement, that its execution and performance will not violate any obligation to third parties, and that the individual signing this Agreement has the authority to bind the party for whom they sign.

Entire Agreement

This Agreement, including any attachments and statements of work expressly incorporated herein, constitutes the entire agreement between the parties with respect to the subject matter and supersedes all prior and contemporaneous oral and written agreements, proposals, and communications. Any amendment or modification to this Agreement must be in writing and signed by authorized representatives of both parties.

Miscellaneous Provisions

If any provision of this Agreement is held to be invalid or unenforceable, the remainder of this Agreement shall remain in full force and effect. Neither party may assign this Agreement without the prior written consent of the other, except that Provider may assign to an affiliate or in connection with a sale of substantially all of its assets.

Acknowledgment of Readiness

By signing below, the parties acknowledge that the readiness checklist has been reviewed and that the items checked represent the current readiness status. Provider will not commence substantial on-site or billable project activities until the parties certify readiness in writing or by signature below, except as otherwise agreed in writing.

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