Schedule of Values
The general contractor can set up the SOV on behalf of the Subcontractor for a given contract or make adjustments to what the contractor has set up as long as the subcontractor hasn't yet submitted an Application for Payment.
What the GC can and cannot do
On behalf of the Subcontractor for a given contract, the general contractor can set up the SOV or make adjustments to what the subcontractor has set up as long as the subcontractor hasn't yet submitted an Application for Payment.
Once a Application for Payment has been submitted, the GC cannot add new line items or adjust the SOV amount for a particular line, however, they can modify the description or item number at any time.
Options for building out your Schedule of Values
- Manual - the setup steps commonly used for an organization's first payment application. Use this method to enter each line using the Trimble Pay application.
- Using a Template - if you have more lines than you want to enter manually, use this bulk import option to populate the SOV details.
Recordings
Watch Improved SOV Setup and ERP Mapping on loom.
Watch Improved SOV Setup and Procore Mapping on loom.
