Schedule of Values
The general contractor can set up the schedule of values (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 General Contractor (GC) can and cannot do
On behalf of the Subcontractor for a given contract, the GC 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 an Application for Payment has been submitted, the GC cannot add new line items or adjust the SOV amount for a particular line, but 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.
Schedule of Values setup requirements
Line item SOV equals the total value of the current contract.
- All line item descriptions are populated.
Recordings
Watch Improved SOV Setup and ERP Mapping on loom.
Watch Improved SOV Setup and Procore Mapping on loom.
