Schedule of Values (SOV) definition

Schedule of Values (SOV) means the Document specified in the construction phase, which divides the Contract Price into pay items, such that the sum of all pay items equals the Contract Price for the construction phase Work, or for any portion of the Work having a separate specified Contract Price. The SOV may or may not be output from the Progress Schedule depending on whether the Progress Schedule is cost-loaded or not.

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Schedule of Values (SOV) means the detailed breakdown by discipline or unit prices and costs as defined for the project in the Schedule of Values in the Construction Contract and its General Conditions as attached hereto.

Schedule of Values (SOV) means the Document specified in the construction phase, which divides the Contract Price into pay items, such that the sum of all pay items equals the Contract Price for the construction phase Work, or for any portion of the Work having a separate specified Contract

Examples of Schedule of Values (SOV) in a sentence

• The Engineer shall provide the City Project Manager with a Schedule of Values (SOV) for the Professional Services Agreement.

• Schedule of Values (SOV): Detailed allocation showing a proper cost breakdown (with a proper share of associated OH&P) of the Price according to the various line items, or parts, of the Work.

• Comprehensive Energy Analysis Fee $0 Design, Engineering & Mobilization Fee $1,113,796 Remaining Implementation Cost $4,455,186 Contract Amount $5,568,982 A Schedule of Values (SOV) is given below.

• Following receipt of the Notice (defined below), but prior to commencing any actual relocation activities, Lessee shall prepare and provide a construction estimate to Lessor with a specific Schedule of Values (SOV) for Lessor’s review and approval.

• Progress Payment Number Invoice Date Incremental Progress Payment Amount Maximum Cumulative Progress Payment Amount $ $ Progress Payments for any particular month will be the dollar value of percent completed Schedule of Values (SOV) item during such month but shall in no event exceed the maximum cumulative Progress Payment amount.

More Definitions of Schedule of Values (SOV)

Schedule of Values (SOV). A statement furnished by ▇▇▇▇ to the District’s Representativefor approval, reflecting the portions of the GMP allotted for the various parts of the Work andused as the basis for evaluating ▇▇▇▇’▇ applications for progress payments.

Schedule of Values (SOV) means the breakdown of the Proposer's Price Proposal by the Proposer for the purpose of defining all Work as a basis for progress measurement and payment.