Schedule of Values (SOV)
Free to fill in and print in your browser. AIA-style schedule of values with auto-calculated percentages, stored materials, and retainage tracking. Need to save your data, add your logo, or reuse across projects? Get the template pack ↓
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Project & Contract
Summary
Line Items
| # | Description of Work | Scheduled Value | Previous | This Period | Stored Matl | Total | % | Balance | Retainage |
|---|
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About the Schedule of Values (SOV) template
A Schedule of Values (SOV) breaks the contract sum into line items so progress can be measured and billed accurately. This SOV template is the backbone of the pay-application process, giving contractors a clear, auditable structure for showing work completed and requesting payment.
What's included
- Line items tied to scope or CSI divisions
- Scheduled value per line
- Work-completed and stored-materials columns
- Percent complete and balance-to-finish
- Retention and totals that feed the pay application
- Delivered in Word, Excel, and fillable/printable PDF
How to use it
- Break the contract sum into logical line items
- Assign a scheduled value to each line
- Update work completed and stored materials each period
- Use the totals to support your pay application
Frequently asked questions
What is a Schedule of Values?
An SOV is a breakdown of the total contract price into individual line items, used to measure progress and support each payment application.
How does an SOV relate to a pay application?
The SOV lists the value of each portion of work; the pay application uses those line items to bill for the percentage completed in each period, less retention.