



Using SOV to mitigate cost risks What are the considerations when developing a Schedule of Values for a project with a guaranteed maximum price (GMP) contract?
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what is an sov in construction Informational
- Communicating SOV to lenders
- Payment breakdown using SOV What happens if there are changes to the scope of work after the SOV is approved?
- SOV for mobilization/demobilization
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- Ensuring transparency and traceability of costs in SOV How does the Schedule of Values facilitate the process of reconciling final payments with the total contract sum and any approved change orders?
- Managing overhead within SOV structure How does the Schedule of Values facilitate the process of allocating costs to different phases or areas of the project for cost accounting purposes?
- SOV and retainage release
- Representing indirect costs and earnings in SOV How is the Schedule of Values used in unit price contracts?
- SOV for testing/inspection costs
- Monitoring expenses related to claims or legal action in SOV What are the best practices for communicating the Schedule of Values to lenders or other financing parties involved in the project?
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