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The Scope of Work (SOW) is the area in an agreement where the work to be performed is. described. The SOW should contain any milestones, reports, deliverables, and end products that. are expected to be provided by the performing party. The SOW should also contain a time line. for all deliverables.
FAR 16.306(d)(2) states The term form describes the scope of work in general terms and obligates the contractor to devote a specified level of effort for a stated period of time..... I believe it is not necessary to construct a true CPFF-LOE contract in order to implement a term contract.