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How to fill out schedule of values form

01
First, gather all the necessary information and documents needed to complete the schedule of values form.
02
Start by filling out the basic project information, such as the project name, address, and owner's contact information.
03
Next, list all the items or services that will be provided in the project and assign a value to each.
04
Include any additional costs or expenses that are associated with each item or service.
05
Provide a detailed description for each item or service to ensure clarity.
06
Calculate the total value by summing up all the values assigned to each item or service.
07
Finally, review the form for accuracy and completeness before submitting it.
08
Make sure to keep a copy of the completed schedule of values form for your records.

Who needs schedule of values form?

01
Contractors and subcontractors involved in construction projects often need to fill out a schedule of values form.
02
This form helps to outline the value breakdown of a project and is typically required by project owners or financial institutions.
03
Owners or lenders may request this form to have a clear understanding of the progress and costs associated with the project.
04
Architects and engineers may also require the schedule of values form to track the financial aspects of a construction project.
05
It serves as a vital document to ensure transparency and accountability in the construction process.
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The schedule of values form is a document used in construction projects to breakdown the contract amount into various components or categories.
Contractors and subcontractors are required to file schedule of values form in construction projects.
To fill out the schedule of values form, contractors and subcontractors must list each category of work and the corresponding dollar amount allocated to each.
The purpose of the schedule of values form is to provide a detailed breakdown of the contract amount to the owner, architect, and other parties involved in the project.
The schedule of values form must report the categories of work, dollar amounts allocated to each category, and total contract amount.
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