Lock Haven University Schedule of Values 2010-2026 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.

People Also Ask about how do i create a material stored for completed work

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.