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SCHEDULE OF VALUES <br /> 013700 - 1 <br /> SECTION 013700 - SCHEDULE OF VALUES <br /> 1. GENERAL <br /> 1.1. Related Documents: Drawings and general provisions of the Contract, including <br /> General and Supplementary Conditions, Special Conditions and other Division- 1 <br /> Specification Sections, apply to Work of this Section. <br /> 1.2. Related Requirements: <br /> 1. Section 010100-Summary of Work: Work sequence. <br /> 2. Section 010270-Applications for Payment: Procedures for Application for <br /> Payment. <br /> 1.3. Format: <br /> 1. Type Schedule on Everett School District No. 2 form, "Work Completed <br /> Supplement" ed in Section 017200—Forms. <br /> 2. Follow Table ofincludContents/Index of the Project Manual for separate listing <br /> of component parts. Identify each line item by number and title of <br /> divisions. <br /> 1.4. Content: <br /> 1. List installed value of each major item of Work and each subcontracted <br /> item of Work as a separate line item to serve as a basis for computing <br /> values for Progress Payments. General Contractor's profit and overhead <br /> and supervision costs shall be listed separately in Division 1 and <br /> completed percentage of each of these is not to exceed the completed <br /> percentage of Division 2 through 16 considered as a whole.No activity <br /> shall have a value of more than$10,000.00, except for possibly the <br /> fabrication and delivery of major equipment and systems.Round off <br /> values to nearest dollar. <br /> 2. Break out the subcontract amounts per the following: <br /> 1. By Specification Division Subsections of the Project Manual <br /> 2. By the same format used for subcontractor Certificates of Payment, <br /> such that amounts can be readily compared <br /> 3. By materials as well as labor <br /> 4. The amounts in the"Total Claimed to Date"column must equal the <br /> Subcontractor Certificates of Payment(less retainage) except when a <br /> reasonable explanation can be provided. <br /> 3. Coordinate the listings with the Progress Schedule. <br /> 4. The value to be allocated to the mobilization and demobilization activities <br /> (combined) shall not exceed five percent of the initial Contract Sum, and <br /> must be substantiated by the Contractor. <br /> 5. There shall be a value of five percent of the initial Contract Sum <br /> allocated to close out activities. <br /> 02/19/13 <br />