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in what part of the contract do we find the "Schedule of Values"?

TexasSchedule of Values

I am a senior year civil engineer at the University of Texas at Austin taking a course in construction contracts administration.

6 replies

Nov 6, 2020

Wow, this is a new type of question for this message board. 

This depends on whay type of contract your looking at, but the schedule of values, which is the portion of the contract the gross price of the job is broken down on a per construction/activity task basis is typically an exhibit or attachement to the contract itself. On mor sophistacted jobs, it can be build into the schedulin software itself in addition to the contract. 

Hope this helps, and best of luck with your studies.

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Nov 6, 2020
thank you! I just wanted to make sure if the schedule of value itself is incorporated with the schedules documents (having the lowest priority). Also, I wanted to ask in what part of the contract are the requirement of the schedule of value stated? Is it in the specifcations?
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Nov 9, 2020

It depends on the type of bid/funding system for the project. For instance, if it's a lump sum project, there may be no requirement for a schedule of values and instead just paymnet milestones on completion of certain portions or work. On more sophisticated commerical contracts, the request for proposal can set forth the individual sections of work it wants scheduled total build costs for, and if it doesn't, almost any buider would provide that anyway. The portion of the contract setting forth the categories of the work to be completed is usually an exhibit/attachement to the contract and can certainly be referred to as a specification in some circumstances, though I don't typically think of the SOV as a specification myself.

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Apr 28, 2023

Thanks for the replies, Ben. This is also relevant to me right now.

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Apr 28, 2023

The Schedule of Values is typically found in the payment section of a construction contract. Specifically, it is usually included as an exhibit to the agreement or as an attachment to the payment provisions. Regarding my own experience, I also studied civil engineering but at a Canadian university and can attest to the rigorous nature of the program. It requires dedication, focus, and a lot of hard work. If you find the workload overwhelming, I suggest checking out https://ca.edubirdie.com/do-my-homework-for-me for help with your assignments on time while ensuring they are high quality. I hope this information is helpful to you. Good luck with your studies, and don't hesitate to reach out if you have any further questions or concerns. 

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Aug 12, 2023

I'm so much glad to read this content here. It looks so helpful so far. Thanks for posting. 

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