Set up a Schedule of Values

There are two possible methods to set up a contract's schedule of values (SOV), based on elections by your general contractor.

  • In order to set up a contract's schedule of values, you must first accept the contract.
  • The methods shown on this page are intended to help you complete your first Schedule of Values as quickly as possible. For another option, see SOV - Upload a Template.
When you accept a contract, one of two types of contracts appears:
  • Path 1: No Accounting Line Requirements - the only requirement is that your SOV sums to the total value of the contract.
  • Path 2: Accounting Line Requirements - your SOV must sum to the total value of the contract AND must use only the Cost Code groupings permitted by your general contractor.

Take these steps for both paths:

  1. From your Dashboard, select the project and then double-click the contract.
  2. Select Go to SOV or scroll to the bottom of the page.
  3. Fill out the first line(s).
    Additional lines appear as you complete existing ones.
  4. Depending on your path:
    • If your SOV does not have Accounting Line requirements, make sure the sum of line values equals the contract value.
    • If your SOV has Accounting Line Requirements, the total value of all lines must sum to the value of the grouping the lines are in.
      Tip: If you want to hide the accounting line(s), select the Hide accounting items button.
    The application indicates each completed section with a circled check mark.
  5. Continue until all lines and groups are complete.
As long as the line item SOV equals the total value of your current contract, you can proceed with submitting your Application for Payment.
Submit an Application for Payment