Get the free Schedule of Values - Example

EXAMPLE YOUR COMPANY NAME YOUR ADDRESS YOUR TELEPHONE NUMBER SCHEDULE OF VALUES PROJECT NAME DATE OF ESTIMATE PROJECT NUMBER ESTIMATE NUMBER DESCRIPTION OF WORK Exterior Sanitary Labor Material Equipment

How to fill out schedule of values

How to fill out schedule of values:

1. Start by identifying the project details and scope: Begin by clearly defining the project for which you are creating the schedule of values. This includes understanding the scope of work, the timeline, and any specific requirements or deliverables.
2. Break down the project into separate items or tasks: Divide the project into smaller components or activities that can be easily quantified and measured. This helps in creating a structured breakdown of the values for each task or item.
3. Assign a value to each item: For each task or item identified in the previous step, assign a monetary value. The value should reflect the estimated cost or worth of that particular item.
4. Organize the schedule of values in a logical order: Arrange the items or tasks in a sequential manner that makes sense for the project. This could be based on the project's timeline, priority, or any other logical sequence.
5. Include a description or reference for each item: Provide a brief description or reference for each item in the schedule of values. This description helps in understanding the purpose or nature of each task or item.

Who needs schedule of values?

1. General Contractors: General contractors use schedule of values to track the progress of various tasks within a project and manage the financial aspects effectively. It helps them in understanding the costs associated with each item and in allocating resources accordingly.
2. Subcontractors: Subcontractors often receive a schedule of values from the general contractor. It helps them in understanding the scope of work and the financial breakdown for their specific tasks. This allows them to effectively plan and execute their work.
3. Owners or Project Managers: Owners or project managers require a schedule of values to understand the cost breakdown of the project and to ensure that the budget is being adhered to. It helps in monitoring the progress and financial aspects of the project.

In conclusion, filling out a schedule of values involves breaking down the project, assigning values, organizing them, and providing descriptions. This document is essential for general contractors, subcontractors, and owners or project managers to effectively manage and monitor the progress and costs associated with a project.

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