IMCO General Construction Inc. 8/27/2022

City of Everett 01 22 13 - 1 Water Filter Plant Emergency Generator Replacement WO# 3587 SECTION 01 22 13 — MEASUREMENT AND PAYMENT 1.1 SUBMITTALS A. Submittals: 1. Schedule of Values: Submit on Contractor's standard form. 2. Schedule of Estimated Progress Payments: a. Submit with initially acceptable Schedule of Values. b. Submit adjustments thereto with Application for Payment. 3. Application for Payment. 4. Final Application for Payment. 1.2 SCHEDULE OF VALUES ' A. At least fifteen (15) days prior to submitting the first Application for Payment, the Contractor shall submit to the Engineer, for review and approval, a complete breakdown of component of all lump sum bid items showing the value assigned to each portion of work. B. Upon request of the Engineer, provide documentation to support the accuracy of the Schedule of Values. C. Lump Sum Work: 1. Reflect specified allowances and alternates, as applicable. 2. List bonds and insurance premiums, mobilization, demobilization, preliminary and detailed progress schedule preparation, equipment testing, facility startup, and contract closeout separately. a. Include item(s) for monthly progress schedule update. 3. Schedule of Values shall, once approved by Engineer, be used as the basis for reviewing and determining each monthly progress payment and as such shall be subject to periodic review by the Engineer to assure that the Schedule of Values reasonably represents, in the opinion of the Engineer, the actual value of the individual items of work performed. D. An unbalanced or front-end loaded schedule will not be acceptable. E. Summation of the complete Schedule of Values representing all Work shall equal the Contract Price. ' F. Submit Schedule of Values in a spreadsheet format compatible with latest version of MS Excel. 1.3 SCHEDULE OF ESTIMATED PROGRESS PAYMENTS 01 22 13 - 1 MEASUREMENT AND PAYMENT