New Hampshire Contractor's Schedule Sheet
Description
How to fill out Contractor's Schedule Sheet?
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FAQ
Why might an owner request a schedule of values submittal from the contractor before work is begun? A budget template established early on in the project against which progress payments are measured. The schedule summarizes the total project cost by the various divisions of work.
Construction Value or project value means the total costs to the owner for the building construction in its completed form and includes the cost of design, all building work, materials of construction, building systems, and labour and profit of the contractor and subcontractors, but does not include the cost of non-
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If multiple Projects/Jobs are included in one contract, then the Contractor/Vendor must create a separate Schedule of Values which clearly segregates costs among each Job for billing, reporting and audit purposes."
The contract should state who pays which expenses. The contractor is usually responsible for all expenses including mileage, vehicle maintenance, and other business travel costs; work supplies and tools; licenses, fees, and permits; phone and internet expenses; and payments to employees or subcontractors.
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...?
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...?
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...?
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.
