Faber Construction Corporation 1/10/2019

I City of Everett 01 2973 - 2 Evergreen Branch Library Expansion 2017-008 A. Maintain Schedule of Values as basis for supporting Application for Payment amounts requested for each progress payment. B. Correlate corresponding items listed by Schedule of Values line items with other required administrative schedules and forms, including: 1. Contractor's Construction Progress Schedule. 2. Application for Payment forms, including Continuation Sheets. Correlate Schedule of Values line items to that listed by Application for Payment: ' a. Correspond to indirect costs and margins on actual cost. b. Make amounts for total coast and overhead and profit complete and proportionate. c. Include overhead and profit as a single line item. 3. List of subcontractors. 4. List of principal suppliers and fabricators. 5. Schedule of submittals and list of products. C. Use as basis for determining dollar value amount for each work activity and component of work for duration of Project. D. Make Scheduled of Values total sum equal to current Contract Sum. I E. Round-off figures to nearest dollar amount. F. Identify Schedule of Value line items by corresponding Section Titles in Project Manual Table of Contents. G. Break down major portion of work by areas, disciplines, phase, systems, or as appropriate for ease of review. H. For work that exceeds 1 percent of Contract Sum, break out separate line items according to major work activities, components, products, or operations. 1.6 CONTENT A. Identification: Include the following Project identification on the Schedule of Values: ' 1. Project name and location. 2. Owner's name. t 3. Name of the Architect/ Engineer. 4. Project number. 5. Contractor's name and address. 6. Date of original submittal. 7. Date of revised submittals. B. Work Activities: Indicate Cost Values for labor, material, equipment, and Contractor's ' overhead and profit, and Total Cost Value for each line item. I 01 2973 - 2 (Rev. 2/25/2018) SCHEDULE OF VALUES