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RedTeam Go - What is Schedule of Values (SOV) Subcontractor?
RedTeam Go - What is Schedule of Values (SOV) Subcontractor?

This article describes the Schedule of Values for the Subcontractor Billing.

Updated over a year ago

It is a breakdown of what is being billed for based on the contract amount only. It provides some detail for the Project Manager to know exactly what he/she is approving on a submitted pay application. Change orders will be added to a Subcontractor’s billing as line items as they are approved and it will not be in the SOV.

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