Georgia Contractor's Schedule Sheet
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How to fill out Contractor's Schedule Sheet?
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FAQ
A Schedule of Values, or SOV, is a list of every work item on a project, along with each item's value or cost. This comprehensive work list represents the entire construction project and the entire contract price, from beginning to end.
A schedule of values is a comprehensive list of the work that needs to get done on a construction job, and it shows the payment values attributed to each item. This document explains each step of a contract in chronological order S.O.V. is a common name for this itemized list.
A Schedule of Values, or SOV, is a list of every work item on a project, along with each item's value or cost. This comprehensive work list represents the entire construction project and the entire contract price, from beginning to end.
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.More items...?
A Schedule of Values (SOV) is a detailed schedule apportioning the original contract sum and all change orders, among all cost code divisions or portions of the work.
As used in many standard form contracts (such as the AIA series of documents), the primary purpose of preparing a schedule of values is to permit the owner or architect to determine what percentage of completion has been achieved for particular items of work in order to agree on progress payments.
A Schedule of Works is a contract document that lists the works required on a project. The Schedule references the requirements included in the specifications and contract drawings plus any additional 'builders work' or 'fixing schedule' type items, this is commonly referred to as a specified schedule of work.
However, the general format to expect will include columns with the following details:The description of each item of work.The total cost for each item.What you've been paid to date on the work, from prior billing periods.The percentage of the work that's been completed.Your costs for the current billing period.More items...?
