What is a schedule of values?

Answer by  patti (29325)

A builder or a contractor provides a "schedule of values" that details how the total amount of the contract funds are spent during each phase of the building process. It shows specific dollar amounts, for example, and can be used to evaluate progress or how the contractor is applying for the payments.

Answer by  Stacy (37)

Schedule of Values: Is a detailed statement provided by an construction contracter or builder. Basically, it is a summary of how the work is to be done. It total's the values of each task. A worker is required to fill A Schedule of Values out to deterimine the pay. I hope i kind of explined okay...