Schedule of Values Column Overview

Phase Code

Identifies the budget line items in a Schedule of Values (SoV). Lines are sorted by the first digit of the phase code. If the SoV includes more than nine lines, use leading zeros to sort items correctly.

For example: To ensure line items sort correctly, use 001, 010, and 100 for 1, 10, and 100.

SoV lines contracted to other organizations, such as Subcontractors, include an Expand symbol. Select the Expand symbol to show additional information about contracted and self-performed work for the line item.

Description

Describes the line item. This is the description that will appear on an invoice for a line item.

Organization/Contract

Lists the organization contracted for the line and links to the Contract Maintenance page. If the column lists New, it links to the Contract Maintenance page so you can create a new subcontract.

See Creating Subcontracts Manually.

Scheduled Value

Current value for the line item, including the  Adjustment Amount.

Net Change by C/O

Total value of change orders (positive or negative) that impacts the line item.

Contract Sum to Date

Value of the line item plus or minus the Net Change by C/O amount.

Billed To Date

Amount invoiced to date (changes based on Draw Context).

Completed %

Percentage of the line item completed so far.

Retention to Date

Amount of retention held back.

Balance Due

Net balance on the contract (the amount left to pay on the contract)
This amount is equal to the Balance to Complete + Retention to Date Amount.

Balance to Complete

Amount left to bill on the contract (the total amount of work outstanding on the contract).

This amount is equal to the Contract Sum to Date minus the Billed to Date Amount. 

Schedule of Values with Contract Level Retention

If the Contract Level Retention setting is selected on the Project Settings page, the retention values will display in a box on the right-hand side of the page above the SoV table.

Held This Period

Amount held for the current draw.

Held Previous (if applicable)

Total amount held in previous draws (minus any previously requested retention).

Held to Date (if applicable)

Total amount held including the current draw.