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B. A reasonable allocation of the Contract Price to the component parts of the Work will be <br /> approved if component parts of the Work have values assigned to them that are well-balanced <br /> with respect to relative values for similar work established by published estimating guides. <br /> 1. Unless otherwise agreed to at the Preconstruction Conference, Means Estimator Guide or <br /> other similar nationally recognized estimating guide shall be used for resolving differences <br /> between Engineer's and Contractor's opinions of allocation of values. <br /> 2. Consent of Surety: If Contractor and Engineer cannot mutually agree on a Schedule of <br /> Values, Engineer will approve a Schedule of Values approved by the Surety providing the <br /> Performance Bond. <br /> C. Contractor's costs shall not govern the allocation of values when application of Contractor's costs <br /> to a component part of the Work results in any other component part or combination of <br /> component parts being under-valued in relation to conventional estimating guides. <br /> D. SCHEDULE OF VALUES shall be agreed upon prior to first Application for Payment. , <br /> 1.6 INITIAL ACCEPTANCE CONFERENCE <br /> A. At least 10 days before submission of the first Application for Payment, a conference shall be <br /> held to include review of for acceptability of the Schedule of Values. <br /> 1.7 APPLICATION FOR PAYMENT <br /> A. Provide a Summary Sheets and cost breakdown sheets equivalent to those of EJCDC document <br /> C-620,Contractor's Application for Payment forms. <br /> B. Provide an additional breakdown sheet,equivalent to the Stored Material Summary of EJCDC <br /> document C620, showing the tabulation format for stored materials. ' <br /> C. Submit this sheet each month with Contractor's pay request breakdown. <br /> D. The detail and format of cost breakdown and stored materials tabulation sheet shall be fully <br /> approved by Engineer. <br /> PART 2 - PRODUCTS (NOT USED) <br /> PART 3 - EXECUTION (NOT USED) <br /> END OF SECTION ' <br /> 1 <br /> I <br /> 10023829 City of Everett Public Works July 2018 <br /> WPCF FEN Chlorination Building Upgrade Work Order 3614 <br /> SCHEDULE OF VALUES(LUMP SUM PROJECTS) <br /> 01 29 73-2 Issue for Bid <br />