Common use of Schedule of Values as a Comparison Clause in Contracts

Schedule of Values as a Comparison. Before the first Application for Payment, the Design-Builder shall submit to the Program Manager or Owner through the Program Manager a Schedule of Values allocated to various portions of the Work, prepared in such form and supported by such data to substantiate its accuracy as the Owner may require. This Schedule of Values, unless objected to by the Owner, will be used as a basis for reviewing the Design-Builder's Applications for Payment. Each Application for Payment will be reviewed for actual costs and also for consistency based on percentage completion of the Schedule of Values. The Schedule of Values will also be utilized in the event the Owner elects conversion to a Lump Sum Price pursuant to Article 3.3.6.

Schedule of Values as a Comparison. Before the first Application for Payment, the Design-Builder shall submit to the Program Manager or Owner through the Program Manager Executive Administrator a Schedule of Values allocated to various portions of the Work, prepared in such form and supported by such data to substantiate its accuracy as the Owner may require. This Schedule of Values, unless objected to by the Owner, will be used as a basis for reviewing the Design-Builder's Applications for Payment. Each Application for Payment will be reviewed for actual costs and also for consistency based on percentage completion of the Schedule of Values. The Schedule of Values will also be utilized in the event the Owner elects conversion to a Lump Sum Price pursuant to Article Section 3.3.6.

Schedule of Values as a Comparison. Before the first Application for Payment, the Design-Builder shall submit to the Program Manager or Owner through the Program Manager a Schedule of Values allocated to various portions of the Work, prepared in such form . The Schedule of Values shall be submitted through the Owner’s Electronic Payment Application System and shall be supported by such data to substantiate its accuracy as the Owner may require. This Schedule of Values, unless objected to by the Owner, will be used as a basis for reviewing the Design-Builder's Applications for Payment. Each Application for Payment will be reviewed for actual costs and also for consistency based on percentage completion of the Schedule of Values. The Schedule of Values will also be utilized in the event the Owner elects conversion to a Lump Sum Price pursuant to Article Section 3.3.6.