Lock Haven University Schedule of Values 2010-2025 free printable template

SCHEDULE OF VALUES UNIVERSITY ARCHITECT NAME CONTRACTOR S NAME CONTRACT NUMBER ADDRESS DESCRIPTION APPROVED TELEPHONE NO. Signature DATE ITEM NO. TYPE OF CONTRACT NUMBER AND KIND OF UNIT COST PER UNIT MATERIAL COST LABOR AND OTHER COST I we hereby certify that the above is a true and correct breakdown including all materials accessories labor insurance etc* per contract requirements. Title Date Signature of Contractor s Authorized Representative Signature of University Representative approval...

How to fill out construction schedule of values template form

How to fill out Lock Haven University Schedule of Values

1. Obtain the Lock Haven University Schedule of Values form from the appropriate department.
2. Review the project details and ensure you have all necessary financial information.
3. Fill in the project name and details at the top of the form.
4. Break down the project into various components or phases.
5. Estimate the cost for each component and enter it in the corresponding section.
6. Add descriptions for each line item to clarify the costs.
7. Review the totals to ensure accuracy and that they align with the project budget.
8. Sign and date the form if required, then submit it to the designated authority.

Who needs Lock Haven University Schedule of Values?

1. Contractors and subcontractors involved in projects at Lock Haven University.
2. University officials responsible for budget management and project oversight.
3. Financial departments that require detailed cost breakdowns for projects.

Video instructions and help with filling out and completing schedule of values template

Instructions and Help about schedule of values construction pdf

Good day and welcome to HVAC 350 this will be a short lecture on a schedule of values assignment which I've made as a bonus assignment it will not count against you in the class if you do it'll be extra credit points for the class itself what I'd like to do is just talk about the schedule of values real quick again a schedule values its purpose is to justify monetarily what we're trying to build for on a project it also pulls it will resemble it could resemble the actual schedule of the project it doesn't have to, but really this is set up so by CSI specification section we have some type of labor materials assigned to it now if we look at this sample one that I'm asking you to do these items right here are all going to be subcontractors if I were to come in and look at this project here you can see that's for example we have a hydroponic heating subcontractor marked up at twenty-seven thousand five hundred and twenty-two dollars so what I would want to do if we look at the hydroponic system here it's 45% material which would be fifty-five percent labor for that part of the project so if I were to go ahead and put this in here again the number the total number for it is going to be twenty where do they put ten twenty-seven thousand five hundred twenty-two dollars and when I put that number in there I have to break out the labor and materials portion of it so if I were to take 45% for the materials portion it would end up being twelve thousand and three eighty-four ninety and for the labor portion would be fifteen thousand one thirty-seven ten and what that would do is again this is the marked up price that's going to be on our estimate and what we want to do is just fill that there were numbers and as we go along now one of the things in the lecture that I gave you on the schedule of values is we have to put in a mobilization fee I would put in five percent of the contract amount the contract amount from the Excel spreadsheet that I gave you was nine fifty-eight one eighty-eight nine hundred fifty-eight thousand one eighty-eight, so I put five percent of that there I don't believe there was a performance pans about go to zero there's project management and coordination that's in the project in one of the sheets you want to put in again that would be a marked up price, so it'd be the number that we might have in this sheet here and if I were to find that see it might be right here you can see project management numbers here you can see the dollar amounts that they are this here is a certain cost for it, you'll be when you look at the recap sheet the project management is just part of this sheet here and these are cost numbers off of those sheets for materials and labor so what I would ask you to do is to go ahead as you do this and when you use any of the sheets that are in here and again like this information here I would go ahead, and I would make sure you mark that up whatever the overhead percentage is for the project which I believe was...

People Also Ask about schedule of values template excel

How do you create a schedule of values?

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.

How do I submit a schedule of values?

How To Fill Out and Submit an SOV Step 1: Confirm the Contract Price. Step 2: Add Work Items. Step 3: Determine Each Item's Value. Step 4: Update As Work Is Completed. Step 5: Review and Confirm Values. Step 6: Submit With the Application for Payment.

Who creates a schedule of values?

Prior to beginning a construction project, the prime general contractor or sometimes a second-tier subcontractor (who's hired directly by the general contractor) creates the Schedule of Values by assigning a dollar amount to every item of work they need to do, and in what phase of the project, in order to get the job

How do I create a schedule of values in Excel?

How do you fill a schedule of values? The item's number. Enter details of work. Enter the values. Fill in the details of work completed. Next, fill in the values of the current phase that is starting or ongoing. Stored materials for non-completed work. Fill in the total value of material stored for completed work.

What is included in the schedule of values?

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.

Who provides a schedule of values?

The contractor must prepare the schedule of values in the form, and supported by the data to substantiate its accuracy, required by the architect. A schedule of values is used as a basis for reviewing the Contractor's monthly payment applications.

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What is Lock Haven University Schedule of Values?

The Lock Haven University Schedule of Values is a document that outlines the estimated costs associated with various phases or components of a project at the university, typically used for construction or renovation projects.

Who is required to file Lock Haven University Schedule of Values?

Contractors or subcontractors engaged in construction or renovation projects at Lock Haven University are required to file the Schedule of Values to ensure proper budgeting and financial tracking.

How to fill out Lock Haven University Schedule of Values?

To fill out the Schedule of Values, contractors should list all phases of the project along with their corresponding costs, total project value, and ensure that the values align with the overall contract sum, providing clear detail for each item.

What is the purpose of Lock Haven University Schedule of Values?

The purpose of the Schedule of Values is to provide a detailed financial breakdown of a project, facilitate progress payments, and ensure transparency in financial reporting between the university and contractors.

What information must be reported on Lock Haven University Schedule of Values?

The information required on the Schedule of Values includes a detailed list of project items, their respective costs, total project value, and the percentage of completion for each item to accurately reflect the progress of the project.