Capital Improvements Contract Schedule of Values
This document is essential for contractors to submit their Schedule of Values (SOV) for review and approval. It lays the groundwork for future pay requests and outlines roles and responsibilities in detail. Utilizing this file ensures compliance with the processes set forth by the Ohio Facilities Construction Commission.
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How do I fill this out?
To fill out the Schedule of Values (SOV), start by gathering all relevant work items and estimates. Clearly identify subcontractors and material suppliers involved in the project. Finally, negotiate details with the Associate (A/E) for proper review.
How to fill out the Capital Improvements Contract Schedule of Values?
1
Gather all project-related work items and estimates.
2
Identify subcontractor contributions and material suppliers.
3
Negotiate SOV details with the Associate (A/E).
4
Submit the SOV for review.
5
Receive approval or requests for clarification.
Who needs the Capital Improvements Contract Schedule of Values?
1
Contractors need this file to submit their Schedule of Values for payment requests.
2
Subcontractors may use it to understand their work items and pricing.
3
Project Managers require it to review and approve the SOV.
4
Project Coordinators use the form to ensure compliance with EDGE participation.
5
Compliance officers need it to verify that contracts meet state requirements.
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What are the instructions for submitting this form?
To submit the SOV, email it to your project manager at manager@example.com. You can also fax it to (555) 123-4567. For online submission, access your project management portal and follow the submission guidelines provided.
What are the important dates for this form in 2024 and 2025?
Please refer to your project timeline for specific submission deadlines related to the Schedule of Values. Important review dates will be outlined by your project manager. Ensure timely submissions to avoid payment delays.
What is the purpose of this form?
The purpose of this form is to standardize how contractors present their Schedule of Values. It ensures that all stakeholders have a clear understanding of project costs associated with the work items. By utilizing this form, contractors can streamline payment requests and maintain accuracy in financial documentation.
Tell me about this form and its components and fields line-by-line.
- 1. Schedule of Values: A detailed list of project costs, itemized according to work items.
- 2. Subcontractor Identifications: Fields for identifying and documenting subcontractor contributions.
- 3. Negotiation Details: Sections for recording negotiations between the contractor and the Associate (A/E).
- 4. Approval Signatures: Spaces designated for required signatures from project managers and contractors.
- 5. EDGE Participation: Fields to verify compliance with EDGE participation standards.
What happens if I fail to submit this form?
Failure to submit the SOV can result in delayed payment requests and miscommunication between stakeholders.
- Payment Delays: Without an approved SOV, contractors may experience delays in receiving payments.
- Compliance Issues: Non-submission can lead to compliance failures with state construction management requirements.
- Project Misalignment: Failure to have a complete SOV can result in discrepancies in project financial planning.
How do I know when to use this form?
- 1. Payment Requests: Use the SOV to formalize requests for payment based on completed work.
- 2. Cost Management: Utilize the SOV to manage and track expenses associated with a project.
- 3. Compliance Verification: Employ the SOV in conjunction with other documents to ensure contractual compliance.
Frequently Asked Questions
What is the Schedule of Values?
The Schedule of Values (SOV) is a document that outlines the value of various components of the construction work.
Who needs to fill out the SOV?
Primarily, contractors fill out the SOV to request payments based on outlined work items.
Can I edit the PDF on PrintFriendly?
Yes, you can easily edit the PDF by uploading it to PrintFriendly and using our editing tools.
How do I submit the SOV once completed?
You can submit the SOV via email or through online project management platforms as directed.
Is it possible to sign the SOV on PrintFriendly?
Absolutely, PrintFriendly allows you to add your signature directly to the PDF.
Can I share the SOV with others?
Yes, once edited or signed, you can share the SOV via a link generated by PrintFriendly.
What happens if I don’t submit this form?
Not submitting the SOV may delay payment processing and contract compliance.
How long does the review process take?
The review process for the SOV can vary; it generally takes a few business days.
What should I do if I need to revise my SOV?
You can easily revise your SOV by editing the PDF on PrintFriendly and resubmitting it.
Where can I download the edited SOV?
After making edits on PrintFriendly, you can download the updated document directly.
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