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DocuSign Envelope ID: 313DA256 -1EDE- 4396- A716- 4C53B809027E <br />JERRY M. PASSMORE CENTER ADDITION AND RENOVATION <br />HILLSBOROUGH, NORTH CAROLINA <br />4. Subschedules for Separate Elements of Work: Where the Contractor's construction <br />schedule defines separate elements of the Work, provide subschedules showing values <br />coordinated with each element. <br />B. Format and Content: Use Project Manual table of contents as a guide to establish line items for <br />the schedule of values. Provide at least one line item for each Specification Section. <br />Identification: Include the following Project identification on the schedule of values: <br />a. Project name and location. <br />b. Name of Architect. <br />C. Architect's project number. <br />d. Contractor's name and address. <br />e. Date of submittal. <br />2. Arrange schedule of values consistent with format of AIA Document G703. <br />Provide a breakdown of the Contract Sum in enough detail to facilitate continued <br />evaluation of Applications for Payment and progress reports. Coordinate with Project <br />Manual table of contents. Provide multiple line items for principal subcontract amounts <br />in excess of five percent of the Contract Sum. <br />a. Include separate line items under Contractor and principal subcontracts for Project <br />closeout requirements in an amount totaling five percent of the Contract Sum and <br />subcontract amount. <br />4. Round amounts to nearest whole dollar; total shall equal the Contract Sum. <br />5. Provide a separate line item in the schedule of values for each part of the Work where <br />Applications for Payment may include materials or equipment purchased or fabricated <br />and stored, but not yet installed. <br />a. Differentiate between items stored on -site and items stored off -site. If required, <br />include evidence of insurance. <br />6. Provide separate line items in the schedule of values for initial cost of materials, for each <br />subsequent stage of completion, and for total installed value of that part of the Work. <br />7. Each item in the schedule of values and Applications for Payment shall be complete. <br />Include total cost and proportionate share of general overhead and profit for each item. <br />a. Temporary facilities and other major cost items that are not direct cost of actual <br />work -in -place may be shown either as separate line items in the schedule of values <br />or distributed as general overhead expense, at Contractor's option. <br />8. Schedule Updating: Update and resubmit the schedule of values before the next <br />Applications for Payment when Change Orders or Construction Change Directives result <br />in a change in the Contract Sum. <br />PAYMENT PROCEDURES 012900-2 <br />