Lock Haven University Schedule of Values 2010-2024 free printable template
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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...
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How to fill out schedule of values template
How to fill out schedule of values template?
01
Start by gathering all the necessary project information, such as project name, location, and contract number.
02
Fill in the billing period, which is the time frame covered by the schedule of values.
03
List all the work items or activities that will be performed during the project.
04
Assign a unique code or number to each work item for reference purposes.
05
Provide a detailed description of each work item, including its scope, specifications, and any other relevant information.
06
Enter the quantity or measurement unit for each work item, such as hours, square footage, or quantities of materials.
07
Determine the unit price for each work item, which is the cost per unit of measurement.
08
Multiply the quantity by the unit price to calculate the total cost for each work item.
09
Sum up the total costs of all work items to obtain the grand total for the billing period.
10
Review the completed schedule of values template for accuracy and completeness before submitting it.
Who needs a schedule of values template?
01
Contractors: A schedule of values template is typically required by contractors to accurately bill their clients for the work performed during a project. It helps them break down the project into manageable work items and track their progress and costs.
02
Subcontractors: Subcontractors who are working on a larger project may also need a schedule of values template to track their own progress and costs. It enables them to submit accurate invoices to the main contractor.
03
Clients/Owners: Clients or project owners may request a schedule of values template to have a clear breakdown of costs associated with the project. It helps them understand and validate the charges made by the contractors and ensures transparency in financial transactions.
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Instructions and Help about construction schedule of values template excel form
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...
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How to fill out schedule of values template?
1. Identify the Items: Start by identifying the items you will include in your schedule of values template. This could include the cost of labor, materials, and any other items you’ll need to complete the project.
2. Estimate Costs: Once you’ve identified the items, it’s time to estimate the costs associated with each of them. Be sure to include any taxes or fees associated with the project as well.
3. Enter Data: Once you’ve estimated the costs for each item, enter that data into your template. Be sure to list the item, quantity, unit cost, and total cost for each item.
4. Review and Approve: Finally, review and approve your schedule of values template. This will ensure that all costs are accurate and that everything is accounted for.
When is the deadline to file schedule of values template in 2023?
The exact deadline for filing a schedule of values template in 2023 is dependent on the project and the jurisdiction in which it is being filed. However, as a general rule, it is best to file the template as early as possible in the year.
What is the penalty for the late filing of schedule of values template?
The penalties for the late filing of a schedule of values template vary depending on the jurisdiction. Generally, a late filing may result in a fine or other penalties, such as having the contract terminated. In some jurisdictions, the contractor may be disqualified from bidding on future contracts if the schedule of values is not filed in a timely manner.
What is schedule of values template?
A schedule of values template is a document that outlines the various components and costs associated with a construction project. It is typically used by contractors and subcontractors to list and track the progress and value of work completed on a project, as well as the corresponding payment amounts.
The template usually includes a breakdown of the project into different categories or line items, such as labor, materials, equipment, and subcontractor costs. For each line item, the template will specify the budgeted amount, the estimated or actual amount spent, and the remaining balance.
By using a schedule of values template, project stakeholders can monitor the financial aspects of the construction project, track payments, and ensure that all parties are compensated accurately and fairly based on completed work. It also serves as a useful tool for project management and budgeting purposes.
Who is required to file schedule of values template?
The schedule of values template is typically required to be filed by contractors or subcontractors on construction projects. It details the anticipated costs and values for each item and work performed on a project.
What is the purpose of schedule of values template?
The purpose of a schedule of values template is to provide a structured breakdown of all the work items and corresponding financial values required for completion in a construction project. It helps in organizing and tracking the progress of the project, as well as managing and making payments to contractors or subcontractors based on the completed work. The schedule of values template ensures transparency, accuracy, and efficiency in financial management by clearly detailing the budget allocation for each task or component of the project. Additionally, it serves as a reference document for tracking cost variations, comparing estimated and actual expenses, and facilitating communication between project stakeholders.
What information must be reported on schedule of values template?
The information that must be reported on a schedule of values template typically includes:
1. Project name: The name or description of the project for which the schedule of values is being prepared.
2. Contract information: The contract number, date, and parties involved in the project.
3. General requirements: This section includes any overarching requirements or conditions applicable to the project.
4. Line items: A detailed breakdown of the various components and tasks involved in the project, along with their corresponding costs. This may include materials, labor, equipment, subcontractors, and any other relevant expenses.
5. Amounts billed: The amount that has been billed to date for each line item. This helps in tracking the progress and payments of the project.
6. Retainage: The percentage of each line item that is withheld as retainage, which is typically released upon completion and approval of the project.
7. Cumulative billing: The cumulative amount that has been billed to date for the project as a whole.
8. N/A line items: Any line items that are not applicable or relevant to the project.
9. Totals: The total cost of each line item, the cumulative total billed, and the remaining balance.
10. Approvals: Space for signatures and dates for the contractor, owner/client, and other relevant parties to certify the accuracy of the schedule of values.
It is important to note that the specific information required may vary depending on the project and contracting requirements.
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