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- Schedule_of_values abstract "The Schedule of Values is a detailed statement furnished by a construction contractor, builder or others outlining the portions of the contract sum. It allocates values for the various parts of the work and is also used as the basis for submitting and reviewing progress payments.As a project begins, the submitter (typically the contractor or construction manager) submits a Schedule of Values based on the original contract amount to the Owner or Owner’s representative (typically a contracted architect) for review. This is reviewed by all parties and approved if it is deemed acceptable. This schedule of values can be amended by change order. When using the Schedule of Values (SOV) for pay applications the submitter will typically bill on a percentage basis. That is to say that the amount billed that month is __% of the overall line item. This value is then added to the total amount billed from previous pay requests. This total amount would be the total work completed to date. The balance to finish is then calculated by subtracting the total competed to date from the original line item total. The Architect or Owner’s representative will then review and approve the amount due to the contractor during that pay period.A typical SOV is the AIA G703.".
- Schedule_of_values wikiPageID "6233878".
- Schedule_of_values wikiPageRevisionID "559462003".
- Schedule_of_values auto "yes".
- Schedule_of_values date "December 2009".
- Schedule_of_values hasPhotoCollection Schedule_of_values.
- Schedule_of_values subject Category:Construction_documents.
- Schedule_of_values type Abstraction100002137.
- Schedule_of_values type Communication100033020.
- Schedule_of_values type ConstructionDocuments.
- Schedule_of_values type Document106470073.
- Schedule_of_values type Writing106362953.
- Schedule_of_values type WrittenCommunication106349220.
- Schedule_of_values comment "The Schedule of Values is a detailed statement furnished by a construction contractor, builder or others outlining the portions of the contract sum.".
- Schedule_of_values label "Schedule of values".
- Schedule_of_values sameAs m.0fy3nd.
- Schedule_of_values sameAs Q7431054.
- Schedule_of_values sameAs Q7431054.
- Schedule_of_values sameAs Schedule_of_values.
- Schedule_of_values wasDerivedFrom Schedule_of_values?oldid=559462003.
- Schedule_of_values isPrimaryTopicOf Schedule_of_values.