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City of Everett 01 22 13 - 1 <br />Port Gardner Storage Facility - Demolition Package WO# UP-3525 <br />01 22 13 - 1 MEASUREMENT AND PAYMENT <br />SECTION 01 22 13 – MEASUREMENT AND PAYMENT <br />1.1 SUBMITTALS <br />A. Submittals: <br />1. Schedule of Values: Submit on Contractor’s standard form. <br />2. Schedule of Estimated Progress Payments: <br />a. Submit with initially acceptable Schedule of Values. <br />b. Submit adjustments thereto with Application for Payment. <br />3. Application for Payment. <br />4. Final Application for Payment. <br />1.2 SCHEDULE OF VALUES <br />A. At least fifteen (15) days prior to submitting the first Application for Payment, the <br />Contractor shall submit to the Engineer, for review and approval, a complete breakdown <br />of component of all lump sum bid items showing the value assigned to each portion of <br />work. <br />B. Upon request of the Engineer, provide documentation to support the accuracy of the <br />Schedule of Values. <br />C. Lump Sum Work: <br />1. Reflect specified allowances and alternates, as applicable. <br />2. List bonds and insurance premiums, mobilization, demobilization, preliminary and <br />detailed progress schedule preparation, equipment testing, facility startup, and <br />contract closeout separately. <br />a. Include item(s) for monthly progress schedule update. <br />3. Schedule of Values shall, once approved by Engineer, be used as the basis for <br />reviewing and determining each monthly progress payment and as such shall be <br />subject to periodic review by the Engineer to assure that the Schedule of Values <br />reasonably represents, in the opinion of the Engineer, the actual value of the <br />individual items of work performed. <br />D. An unbalanced or front-end loaded schedule will not be acceptable. <br />E. Summation of the complete Schedule of Values representing all Work shall equal the <br />Contract Price. <br />F. Submit Schedule of Values in a spreadsheet format compatible with latest version of <br />MS Excel. <br />1.3 SCHEDULE OF ESTIMATED PROGRESS PAYMENTS <br />A. Show estimated payment requests throughout Contract Times aggregating initial <br />Contract Price.