Schedule of Values in Construction Explained | Procore A schedule of values (SOV) is an itemized list of each activity required to complete the scope of work on a construction project, along with the corresponding costs or values
What Is the Schedule of Values (SOV) in Construction: Complete Guide The Schedule of Values (SOV) is a breakdown of the total contract price into line items that represent different portions of work on a project It’s used to support progress billing by showing how much each part of the job is worth, how much has been completed, and what’s being billed
Insurance 101: How do I complete a Statement of Values (SOV) Form? The Statement of Values (SOV) Schedule is a critical document used in insurance underwriting It provides a detailed breakdown of an insured's property values, helping insurers assess risk exposure and determine appropriate coverage
SOV Construction: What Is Schedule of Values | Buildertrend Don’t let that stop you from completing a schedule of values (SOV) on all of your construction projects An SOV plays a pivotal role in construction financial management It serves as a detailed financial roadmap, breaking down your project’s total cost into bite-sized pieces
What Is A Schedule Of Values In Construction? One essential tool that facilitates this process is the schedule of values (SOV) This structured financial breakdown ensures that payments are made based on actual progress, minimizing disputes and improving cash flow management