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City of Everett 01 29 73 - 3 <br /> <br /> <br />01 29 73 - 3 SCHEDULE OF VALUES <br /> <br />1. Distribute Contractor’s office overhead and profit proportionally among allocated <br />cost for each work activity. <br />2. Costs associated with ongoing mobilization activities can be listed separately or <br />distributed evenly among allocated cost for each work activity. <br />3. Assign overhead costs corresponding to start and finish dates for each work <br />related activity. <br />4. Pro-rate associated work expenses related to work activities, including <br />supervision, temporary utilities, and small tools, over total Contract Time. <br />5. Assign directly related costs, including bonds, insurance, and schedules, to <br />appropriate work activities. <br />6. Claims for additional cost for storage of materials off-site are not accepted as a <br />basis for monetary claims, except where need for off-site storage arose after the <br />Bid and at request of the Owner. <br />C. Overhead and Administrative Costs: Distribute major cost items which are not a direct <br />cost of actual work-in-place as line item in schedule of values, or distributed as general <br />overhead expense. <br />1. Conditions of the Contract for Construction and Mobilization: Maximum 3 <br />percent of Contract Sum. <br />2. Demobilization: Maximum 1 percent of Contract Sum. <br />3. Commissioning of Operational Systems: See paragraph G for required 1% of <br />HVAC Contract to be itemized on the Schedule of Values. <br />4. Closeout: Minimum of 1 percent of Contract Sum to cover closeout submittals <br />and documentation and 1 percent of contract sum to cover punchlist identification <br />and completion. <br />5. See Paragraph E and F for required 1 percent of Contract Sum for Project <br />Record Documents completion and 1 percent for Operations and Maintenance <br />Manuals completion. <br />D. Stored Items: For materials not yet installed, for which Progress Payments are <br />requested, no payment for materials stored offsite will be made without prior notice to <br />and acceptance by Owner. <br />1. Submit clear title to ownership of materials in writing to Owner. <br />2. Support initial value with proof of purchase invoices. <br />3. Include value-added costs as separate line item when subsequently delivered to <br />site and installed. <br />4. Differentiate between items stored on-site and items stored off-site. <br />5. Provide acceptable proof of insurance and bonding of storage facility and <br />contents. <br />6. Store materials no greater distance than 50 miles from Project site. <br />7. Make storage facilities available and open to Owner and Architect observation. <br />8. Store materials for which payments are requested in separate areas away from <br />other materials and clearly marked or labeled to identify name of Owner, Project, <br />and Contractor. <br />E. Project Record Documents: Include line item of at least 1 percent of Contract Sum for <br />preparation, maintenance, and duplication. Upon completion, a portion of this amount <br />will be released based upon percentage of completion of the Work as a whole.