Hello and welcome back to the SIS video series. This is part 4, focusing on projects. Today, we are going to discuss schedule value billing and creating an application. To begin, I click on the project management tile in the workspace. Then, I go to the all projects tile and search for my project, which is the Atlanta Building. I use the filter to find the specific project, known as Atlanta Building 2. Schedule value billing is a crucial aspect of a construction contract. To set up the contract, I navigate to the construction contract page. Since this is the first time we are creating a contract, we need to provide the project number. I input the number manually, and all the relevant information populates automatically. I am opting for an approved status for the contract. The previous budget is already included in the system. Now, I add a couple of lines to the contract. For demonstration purposes, I enter a mobilization cost of $100,000 on one line, and an engineering cost on the other line, which matches our previous change order. I repeat this process for the remainder of the contract value. Although there is no previous percentage, I decide to input a percentage for billing purposes. The first line will be billed at 50%, while the second line will be billed at 40%. As I enter these percentages, the calculations are updated in the working space. For example, a 40% billing on a $100,000 line amounts to $40,000. By refreshing the page, we can review the retention, which is set at 10%. Therefore, a retention of $4,000 is deducted from the scheduled values, resulting in a net amount of $233. To proceed, I generate an application in draft status. I input the required billing amount, which in this case is $106,000. I want to...
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Demolition Schedule Of Values Form: What You Should Know
Schedule of Values: An Overview of the Project by the Project Team May 7, 2024 — A Schedule of Values, (NSW/CSL/CSV) is used for the design and construction of a new school. For projects of this size, the contractor Schedule of Values: A New Program Begins by the Team December 2024 — A Schedule of Values (NSW) and a schedule of work report (SWR) document is used as a basis for the contract. “For example, if I have 7 million dollars invested in my design program for the new school, I would have a schedule of values and a schedule of work A Schedule of Values for a School Project by the Construction Project Manager May 15, 2024 — What is this schedule of values that is used for all construction projects? The schedule of values is the basis for awarding the contract after final project design and engineering. This schedule identifies each phase of Schedule of Values: Complete a Construction Schedule of Values by the Construction Project manager March 20, 2024 — How do I use a schedule of values? A scheduling schedule of values is the basis for submitting a bid during contract award for a construction project.
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