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9/2/2020 <br /> <br /> 012900 - 2 <br />payment will be made to Contractor until the schedule of values has been approved by <br />Architect. <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 />1. 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 />f. Arrange the schedule of values in tabular form with separate columns to indicate the <br />following for each item listed: <br />g. Related Specification Section or Division. <br />h. Description of the Work. <br />i. Name of subcontractor. <br />j. Name of manufacturer or fabricator. <br />k. Name of supplier. <br />l. Change Orders (numbers) that affect dollar value. <br />m. Dollar value of the following, as a percentage of the Contract Sum to nearest one- <br />hundredth percent, adjusted to total 100 percent. <br />1) Labor. <br />2) Materials. <br />3) Equipment. <br />2. 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 in <br />excess of five percent of the Contract Sum. <br />3. Round amounts to nearest whole dollar; total shall equal the Contract Sum. <br />4. 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 and <br />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 />5. 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 />6. Allowances: Provide a separate line item in the schedule of values for each allowance. <br />Show line-item value of unit-cost allowances, as a product of the unit cost, multiplied by <br />measured quantity. Use information indicated in the Contract Documents to determine <br />quantities. <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 />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 />DocuSign Envelope ID: 7D9ACD4F-8F6C-42B6-9ADB-C60032DB6D03