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<br /> <br />City of Everett 01 29 73-1 June 2024 <br />WFP Air Scour Blower Building Replacement Issued for Bid <br />UP3813 <br />SECTION 01 29 73 <br />SCHEDULE OF VALUES <br />PART 1 : GENERAL <br />1.01 SUMMARY <br />A. Section includes administrative and procedural requirements for processing and <br />submitting Schedule of Values. <br />1.02 SCHEDULE OF VALUES SUBMITTAL PROCEDURES <br />A. Submit a Schedule of Values for review by the City within 14 calendar days after <br />Notice to Proceed and no less than 30 calendar days prior to submittal of first <br />Application for Payment. <br />B. Submit updated Schedule of Values with each subsequent Application for <br />Payment. <br />C. Submit revised Schedule of Values reflecting City accepted Change Orders and <br />other Modifications to the Contract that affect Contract Sum or Contract Time. <br />D. The City reserves the right to reject Schedule of Values submittals that appear <br />front loaded or do not reasonably approximate anticipated cost of identified line <br />items. <br />1.03 FORMAT <br />A. Forms: AIA Form G703 - Application and Certificate for Payment Continuation <br />Sheet, electronic media facsimile, or other forms as accepted by the City. <br />B. Format Size: 8-1/2 inch by 11 inch or 11 inch by 17 inch. <br />1.04 GENERAL REQUIREMENTS <br />A. Maintain Schedule of Values as basis for supporting Application for Payment <br />amounts 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 <br />and proportionate. <br />c. Include overhead and profit as a single line item. <br />3. List of subcontractors.