RETAIL PRICE SCHEDULE 2025

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A construction schedule of values is an item-by-item cost breakdown of the total contract value. During the contract and negotiation process on a lump sum or guaranteed maximum price (GMP) project, the general contractor creates the SOV, and both parties sign off on the agreement before building begins.
A schedule of values (SOV) is an itemized list of each activity required to complete the scope of work on a construction project, along with the corresponding costs or values. The SOV serves as a complete representation of the project, detailing all the elements and activities from construction kickoff to closeout.
What does Schedule of rates/prices mean? A schedule used for tendering where exact quantities are unknown or in a lump sum contract for the pricing of variations (where it is sometimes known as a bill of quantities). The tenderer gives a unit price for each item of work to be done, as described in the schedule.
noun. the selling price of a product officially suggested by a manufacturer to a retailer. ▶ USAGE The abbreviation for recommended retail price is RRP.