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1 <br /> City of Everett 01 29 73 - 2 <br /> 3600 Smith Street Clean Up <br /> A. Maintain Schedule of Values as basis for supporting Application for Payment amounts <br /> requested for each progress payment. <br /> B. Correlate corresponding items listed by Schedule of Values line items with other <br /> required administrative schedules and forms, including: <br /> 1. Contractor's Construction Progress Schedule. <br /> 2. Application for Payment forms, including Continuation Sheets. Correlate <br /> Schedule of Values line items to that listed by Application for Payment: <br /> a. Correspond to indirect costs and margins on actual cost. <br /> b. Make amounts for total coast and overhead and profit complete and <br /> proportionate. <br /> c. Include overhead and profit as a single line item. <br /> 3. List of subcontractors. <br /> 4. List of principal suppliers and fabricators. <br /> 5. Schedule of submittals and list of products. <br /> C. Use as basis for determining dollar value amount for each work activity and component ' <br /> of work for duration of Project. <br /> D. Make Scheduled of Values total sum equal to current Contract Sum. ' <br /> E. Round-off figures to nearest dollar amount. <br /> F. Identify Schedule of Value line items by corresponding Section Titles in Project Manual <br /> Table of Contents. <br /> G. Break down major portion of work by areas, disciplines, phase, systems, or as <br /> appropriate for ease of review. <br /> H. For work that exceeds 1 percent of Contract Sum, break out separate line items ' <br /> according to major work activities, components, products, or operations. <br /> 1.6 CONTENT <br /> A. Identification: Include the following Project identification on the Schedule of Values: <br /> 1. Project name and location. <br /> 2. Owner's name. <br /> 3. Name of the Architect / Engineer. <br /> 4. Project number. <br /> 5. Contractor's name and address. <br /> 6. Date of original submittal. <br /> 7. Date of revised submittals. <br /> B. Work Activities: Indicate Cost Values for labor, material, equipment; and Contractor's ' <br /> overhead and profit, and Total Cost Value for each line item. <br /> 1 <br /> 01 29 73 - 2 (Rev. 2/25/2018) SCHEDULE OF VALUES <br /> i <br />