fbpx
Do you need customer support or technical assistance? Click here to submit a support ticket...

TOPIC: What is a MSA Master Services Agreement?

What is a MSA Master Services Agreement? 1 year 1 month ago #25301

  • Sharon S
  • Sharon S's Avatar Topic Author
  • Offline
  • Gold Boarder
  • Gold Boarder
  • Posts: 176
  • Karma: 2
  • Thank you received: 15
What is a MSA Master Services Agreement? It has one sentence in the PMBok but it doesn't say what it is yet it was in the prepcast which means it might be on the exam.

What is a MSA Master Services Agreement? 1 year 1 month ago #25358

  • JD
  • JD's Avatar
  • Offline
  • Fresh Boarder
  • Fresh Boarder
  • Posts: 1
  • Thank you received: 1
An MSA is a form of top level contract document that other contracts will attach to. For example, my company executes MSAs with our vendors and customers that detail what the relationship is, payment terms, discounts, corporate policies, termination, litigation, force majeure, etc. The document doesn't go into a detailed scope of any work to be performed. As services are offered, or projects are formed, the MSA will be amended by a Services Addendum or SOW that details the specifics (who, what, when, where) of what work will be performed. By having an MSA that everyone has already agreed to, you don't have to repeat common terms in every subsidiary contract. Those contracts assume the terms from the master. It makes negotiating contracts for specific contracts for services and projects must faster.
The following user(s) said Thank You: Sharon S
Moderators: Yolanda MabutasMary Kathrine PaduaJoe PangJohn Paul BugarinLisa Sweeney PMPHarry ElstonChan RampersaudBrad Pennington, PMPKyle Kilbride, PMP

OSP INTERNATIONAL LLC
OSP INTERNATIONAL LLC
Training for Project Management Professional (PMP)®, PMI Agile Certified Practitioner (PMI-ACP)®, and Certified Associate in Project Management (CAPM)®

Login