Scope of Work

Investor Term: 

SOW

Definition: 

A scope of work (SOW) is a document that defines the work to be performed in a project or renovation. It includes the project's objectives, deliverables, timeline, and budget. 

Example: 

For example, when Address Income provides the renovation budget/timeline that is considered a part of the scope of work (SOW) that you should be prepared for after purchasing your investment property.