Most explanations of the schedule of values stop at the definition: a list that breaks the contract price into line items. That is accurate, but it leaves out the part contractors actually struggle with, which is how the document behaves once the project starts moving. A schedule of values is not filled out once and filed away. It follows the job from the bid stage to the final payment, and it...

See how a schedule of values in construction works at every stage, from bid and approval to monthly billing, change orders, retainage, and final payment.