Project Management Requirements Specification

PROJECT MANAGEMENT REQUIREMENTS SPECIFICATION

Project Identification

Scope of Work

The Service Provider shall perform project management services as described below. The scope identifies specific tasks, responsibilities, and project boundaries. Services shall be performed in accordance with accepted industry standards and the timeline set forth in this document.

Deliverables and Acceptance Criteria

Each deliverable must include objective acceptance criteria. Acceptance occurs when the Client issues written acceptance or fails to provide a list of materially deficient items within the acceptance review period specified below.

Timeline and Milestones

The Provider will adhere to the schedule below. Dates are firm unless modified by a written change order executed by both parties.

Target Date:

Target Date:

Budget and Payment

Compensation terms set forth below reflect fees for the scope described. All invoices shall include sufficient detail to substantiate billed activities and shall be due in accordance with the payment schedule.

Change Order Process

Any modification to scope, schedule, or price must be documented in a written change order and executed by authorized representatives of both parties prior to implementation. Emergency work required to avoid immediate harm must be followed by a retroactive change order within five (5) business days.

Confidentiality and Data Security

The parties acknowledge that during performance each may receive Confidential Information. Confidential Information shall remain the disclosing party's property and shall not be used except to perform this specification. The receiving party shall implement administrative, physical, and technical safeguards consistent with industry practice to protect Confidential Information from unauthorized disclosure. Exceptions: information that is publicly known through no breach of this paragraph; independently developed without reference to Confidential Information; or required to be disclosed by law, subject to prior notice where lawful.

By checking below, the signatory confirms that the Provider will maintain reasonable security measures and the Client will restrict access to Confidential Information to personnel with a legitimate need to know.

I acknowledge and accept the confidentiality obligations.

Liability, Insurance and Indemnity

Each party shall be responsible for losses arising from its negligence or willful misconduct. The Provider shall maintain commercial general liability and professional liability insurance customary for the services provided. To the extent permitted by law, neither party's aggregate liability for direct damages under this specification shall exceed the fees paid to the Provider under this specification during the six (6) months preceding the claim. Indemnification obligations shall be limited to breach of confidentiality, gross negligence, or willful misconduct.

Termination

Either party may terminate for material breach that remains uncured for thirty (30) days after written notice. Upon termination for convenience by the Client, the Provider shall be paid for work performed to date plus reasonable wind-down costs documented and substantiated. Termination does not relieve either party of obligations accrued prior to termination, including payment and confidentiality.

Intellectual Property and Deliverable Rights

Unless otherwise agreed in writing, the Client shall receive a perpetual, non-exclusive license to use project deliverables for the Client's internal business purposes upon full payment. Provider retains ownership of underlying methodologies, tools, and pre-existing materials. Any third-party software or open-source components will be disclosed and subject to their respective licenses.

Governing Law and Dispute Resolution

This specification shall be governed by the laws of the state specified below, without regard to its conflict of law rules. The parties shall first attempt to resolve disputes in good faith through senior management negotiation for a period of thirty (30) days. If unresolved, disputes shall be subject to binding arbitration by a neutral arbitrator selected by the parties, unless otherwise mutually agreed in writing.

Acceptance and Sign-Off Procedures

Upon delivery of each deliverable, the Client shall have ten (10) business days to perform acceptance testing and either provide written acceptance or a written list of defects. If defects are provided, the Provider shall correct them within a reasonable period. Acceptance shall be deemed granted if the Client fails to respond within the specified review period.

Miscellaneous Provisions

The parties agree that notices required under this specification shall be in writing and delivered to the contact details set forth above. This specification constitutes the entire agreement between the parties with respect to the subject matter and supersedes prior proposals and communications. No waiver shall be effective unless in writing and signed by the waiving party.

Acknowledgment of Requirements

By signing below, each party represents and warrants that the individuals executing this specification are authorized to bind their respective organizations, that they have read and understood the rights and obligations herein, and that the information provided in this specification is true and complete to the best of their knowledge.

Sign Now