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February Los Angeles County Metropolitan Transportation Authority Board THROUGH: Franklin FROM: 8,8West SeventhStreet Suite 300 Los Angeles, CA9oow TO: of Directors Arthur SUBJECT: Schedule of Values
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What is schedule of values form?
The schedule of values form is a document used in construction contracts to outline the values assigned to each work item or activity in a project. It helps in tracking the progress of the project and determining payment amounts for completed work.
Who is required to file schedule of values form?
The contractor or subcontractor involved in a construction project is typically required to file the schedule of values form.
How to fill out schedule of values form?
To fill out the schedule of values form, the contractor or subcontractor should list each work item or activity, assign a value to it, and provide a description of the work being performed. They may also need to include any supporting documentation or evidence for the assigned values.
What is the purpose of schedule of values form?
The purpose of the schedule of values form is to establish a clear breakdown of the project's costs and progress, enabling payment calculations, tracking work completion, and facilitating communication between contractors, subcontractors, and project owners.
What information must be reported on schedule of values form?
The schedule of values form typically requires the reporting of each work item or activity, its assigned value, a description of the work being performed, and any supporting documentation or evidence for the assigned values.
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