Definitions
Services Procurement Provider
A third party provider designated to manage and procure an array of service categories on behalf of the client. Engagement types may include time and expense, milestone deliverables, unit-based deliverables, scheduled deliverables or a blended model. A services procurement provider will assist in the strategic planning, sourcing and negotiation of the engagement, offer best practices and coordinate supplier collaboration and optimization.
RFx
As defined by Staffing Industry Analysts – www.staffingindustry.com
A generic term in procurement used to describe the vendor selection process. May include an RFI and RFP, or in RFQ and RFI, or some permutation thereof.
Statement of Work (SOW)
As defined by Staffing Industry Analysts – www.staffingindustry.com
A document that captures the work products and services, including, but not limited to: the work activities and deliverables to be supplied under a contract or as part of a project timeline. In contrast to a typical temp or contingent work arrangement which is billed based on time worked, SOW agreements are usually billed based on a fixed price deliverable or for hitting specific milestones. Like typical contingent arrangements, they may also be billed based on time, including arrangements where there is a time-based billing that is capped at some "not to exceed" level for time and materials