Get the free GC Schedule of Values

ROEBUCK BUILDINGS CO., INC. P O Box 130 ROEBUCK, SC 29376 Phone 864.576.6330 Email accounting@rbcgc.com SUBCONTRACTOR APPLICATION FOR PAYMENTApplication Date:Project Name:Invoice Number: Period From: Period

How to fill out gc schedule of values

How to fill out gc schedule of values

1. To fill out a GC Schedule of Values, follow these steps:
2. Begin by providing a comprehensive description of the project, including its purpose, scope, and objectives.
3. Identify each trade or subcontractor involved in the project and list them separately.
4. Assign a unique identification number or code to each trade or subcontractor for easy reference.
5. Determine the cost of each trade or subcontractor's work for each portion of the project.
6. Develop a breakdown structure of the project and allocate costs to different project sections.
7. Consider any relevant taxes, overhead, and profit margins when determining the cost.
8. Summarize the total cost of each trade or subcontractor's work at the end.
9. Include any necessary notes or explanations to clarify the scope or pricing of any particular trade or subcontractor item.
10. Review the completed GC Schedule of Values for accuracy and completeness before finalizing it.
11. Share the finalized document with relevant stakeholders, such as the client, subcontractors, or project managers.

Who needs gc schedule of values?

1. GC Schedule of Values is typically needed in construction projects where there are multiple trades or subcontractors involved.
2. The following entities often require GC Schedule of Values:
3. - General contractors who oversee the entire project and need to manage the costs and progress of different trades or subcontractors.
4. - Subcontractors who want to track and showcase their scope of work and associated costs for a project.
5. - Project owners or clients who want to monitor the progress and financial aspects of the project.
6. - Banks or financial institutions that provide funding for the project and need an overview of the project's financial status.
7. - Architects or engineers who require a detailed breakdown of costs for different project sections.
8. Overall, GC Schedule of Values is a useful tool for anyone involved in a construction project to track costs, progress, and manage financial aspects effectively.

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What is gc schedule of values?

GC schedule of values is a detailed breakdown of the costs associated with a construction project, including labor, materials, equipment, and overhead.

Who is required to file gc schedule of values?

General contractors are typically required to file the GC schedule of values. However, it may vary depending on the specific project and contract requirements.

How to fill out gc schedule of values?

GC schedule of values is typically filled out by listing each individual item or component of the project along with their corresponding costs. This information is usually provided by subcontractors and suppliers.

What is the purpose of gc schedule of values?

The purpose of GC schedule of values is to provide a detailed overview of the project costs and ensure that all parties involved are aware of the budget and payment schedule.

What information must be reported on gc schedule of values?

The GC schedule of values must include a detailed breakdown of the costs associated with the project, including labor, materials, equipment, and overhead.