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Schedule of values form g702

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The document is a sample Schedule of Values for a construction project, detailing various work items, their descriptions, and associated financial values. It includes sections for completed work, stored materials, previous applications, and balances to finish, organized by categories such as general conditions, site work, concrete work, mechanical systems, and electrical systems. The format is designed to facilitate payment applications and track project progress.

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How do I fill out a schedule of values form?

General project information: Start with high-level information, such as the name of the project, project manager, etc. Work description: Detail the work that needs to be done to complete the project, including the start and end dates. Scheduled value: Add the cost for each activity listed above in the work description.

How to create a schedule of values?

What Should a Schedule of Values Include? Project name and number. Name of the prime or general contractor. Application number and date. Work item numbers. Description of work items. Total value of each item. Percentage of work completed. Value of work completed for past and current periods.

Who is responsible for the construction schedule?

Overall, a construction scheduler is responsible for planning, organizing, and monitoring the timeline of a construction project. Their goal is to ensure that the project is completed on time, within budget, and meets all specified requirements.

Who creates the construction schedule?

Project managers will review and revise throughout the project. Creating a construction schedule requires thorough planning and the right tools.

What is a contractors schedule of values?

A Schedule of Values (SOV) is an essential document in construction project management. It provides a breakdown of the total contract sum allocated to different portions of the contractors work, and its often required in the early stages of a project.

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Who prepares the schedule of values?

(1) The Contractor shall prepare and submit for approval a cost breakdown of the Contract price, to be referred to as the schedule of values, assigning values to each major activity necessary to complete the work.

What is SOV in project management?

A schedule of values: The schedule of values, or SOV, is a list of every work item on a construction job, along with each items cost. Updated Schedule: an update of the schedule showing the actual work completed and 3 weeks look ahead of the project.

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