Table of Contents
Schedule of Values Sizes
A schedule of values (SOV) is a well-thought-out document that recognizes work items, scheduled costs, and the full breakdown to excel in a construction project. Besides being a noteworthy American Institute of Architects (AIA) sheet for project and cost management, it is necessary to acknowledge if you are using the right schedule of values size and if your content matches that with the standards of various industries.
Schedule of Values Sizes Standard
Letter Size
In the US, the letter schedule of values size is ubiquitous and you only have to be wary of the font size, margins, and spacing to make sure the topics or elements of an SOV would fit and be uniform in the document. The letter size measures around 8.5″ x 11″ or 215.9mm x 279.4mm.
Legal Size
Another common standard size for writing SOVs is the legal schedule of values size, which has the same width as the letter size but slightly longer. This form of SOV dimension covers around 8.5″ x 14″ or 216mm x 356mm.
A4 Size
In the system of A paper sizes, A4 is widely used and you can consider this as the middle ground size between a letter and a legal size. The A4 schedule of values size measures about 8.3″ x 11.7″ or 210mm x 297mm.
Schedule of Values Sizes for Print
The standard SOV sizes mark the appropriate schedule of values sizes for print; however, the letter paper size (8.5″ x 11″) is the most heavily used. The letter size is basically the default dimension set up for most printers. Just take note of the basic rules that the letter SOV size is notably relevant for SOVs concerning school, office, and general construction projects, and the legal SOV size is recommended for writing contracts and legal agreements with SOVs as attachments.
Schedule of Values Sizes for MS Word
Microsoft Word is an easy platform to start tallying the cost of each project phase wherein you simply open MS Word, select “Insert” from the top menu, and add a table where the number of rows and columns go in line with the number of your SOV sections. Then, click “Layout” from the upper menu to change the margins, orientation, size, and columns of your spreadsheet; landscape orientation is welcome to provide more room to the SOV’s tabular form. Microsoft Word and Excel are highly recommended to create and print SOVs of any size because you can customize the dimensions however you like such as A3 (11.7″ x 16.5″) and A5 (5.8″ x 8.3″).
Schedule of Values Sizes for Apple Pages
Architects, construction employees, engineering specialists, and project managers can also use Apple Pages if they use iOS or Mac products in setting the schedule of values. You can estimate the scheduled costs, work items, mortgage or loan tax, construction bid, project timeline, and invoice by opening Apple Pages, clicking “Table” from the upper toolbar, adjusting the number of cells or rows and columns for your SOV, and labeling the SOV parts on the table. You can also use premade SOV templates in Apple Pages format and go for any si whether it is in letter, legal, or A4 format.
Schedule of Values Sizes for Google Docs
Like Word and Excel, both Google Docs and Google Sheets are good software options for drafting the schedule of values whether you go for digital copies of your SOV or printed copies in letter, legal, or A4 size format. That means you simply use an SOV template or draft a table where you label the project name, task name, scheduled cost, prepaid cost, earned value, payment to finish, retainage, and other elements that fit in your roster list or tabular chart. You may even go for as big as A1 (23.4″ x 33.1″) as a gigantic size of the SOV on association meetings for easy viewing; hence, consider your purpose of making an SOV with the appropriate size.
Schedule of Values Sizes FAQs
What is the structure of the schedule of values?
The standard SOV structure consists of the project name, name of contractor/s, date, work items, scheduled values, value of work completed, percentage of work completed, balance to finish, and retainage.
Is there a standard or required schedule of values form?
Yes, it is called the American Institute of Architects (AIA) Document G703™–1992.
What are signed schedules of values in insurance?
In insurance, signed SOVs are basically declaration statements to insurance providers regarding the specific properties that your entity wishes to insure.
How do you submit a schedule of values?
Verify the contract price, state the work items (be it related to panel development, Proforma product restoration, concrete installation, electrical service repair, or other processes), state the value of the work items, track the progress, fact-check the values, and submit the application.
What is the schedule of values in billing?
In regards to billing, the SOV is the specific document prepared by a general contractor or subcontractor to tally the costs of every work item of a project that works like a daily, weekly, monthly, or annual amortization.
What does SOV stand for in contracts?
In contracts, the SOV is a comprehensive schedule of the contract sum and change orders which will be useful for tracking progress, drawing analysis, and fact-checking if all the valued items estimated in the SOV went according to plan.
What are electrical schedules of values?
An electrical schedule of values refers to the SOV specifically made by electrical companies to keep track of electrical services and their costs; it is a must-have document to negotiate values, monitor work progress, and lay out the cards of a project.
What is the concept of a schedule of values?
SOVs work as project documents to ensure successful management and not delay the payment process.
When should you give your client the schedule of values?
It works best to give the final schedule of values to your client when the entire project is done because the SOV’s content would change regularly when the project is still ongoing.
Why is a schedule of values required by project owners?
Project owners require the schedule of values to ensure transparent records of a project, effective project management and assessment, and proper usage of project costs.
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