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welcome to contract administration at Stanford medicine a shared service of Stanford healthcare Lucile Salter Packard Childrens Hospital at Stanford Stanford health care valley care and other Stanford medicine entities contract administration aspires to be the national leader in healthcare contract administration by providing exceptional and timely contract negotiation and legal review services one way we achieve this is by providing you our stakeholders with training and education on matters relating to the contracting process this video will provide an overview of the primary reasons for using standard agreements what is a statement of work how to prepare an effective statement of work and resources available for your use on a 24/7 basis lets consider the big picture there are two primary reasons why contract administration prepares agreements using standardized contract templates first we want to obtain favorable terms for the Stanford medicine entity second we need to ensure tha