Edit Schedule of Values for Subcontractors
Use the Edit Schedule of Values page to enter the budget after agreeing to a contract. This acts as your contract's budget on the system and shows the General Contractor budget components included in your subcontract. The Schedule of Values (SoV) originally displays the budget total in one line. Consider breaking out the SoV if the General Contract requires a detailed work budget.
Caution: Do not confuse this page with the your Billing Workflow. The values entered on this page must add up to the entire contract budget.
Subcontractors use their Billing Workflow to bill the General Contractor during the draw process.
If your subcontract includes only one component, the SoV will show a single table. The Scheduled Value Amount column will display the Contract Value entered by the General Contractor.
Working with the Schedule of Values for Subcontractors
Multiple Component Contracts Overview
About Modifying the Schedule of Values for Subcontractors
Uploading New SoV from CSV for Subcontractors
Breaking Out Subcontractor SoV Manually
Edit Schedule of Values Fields Overview for Subcontractors
Edit SoV Tab Overview for Subcontractors
Edit Contract Tab Overview for Subcontractors
Last Published Wednesday, July 10, 2024