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  2. Finance Committee - Agenda - 6/7/2017 - P468

Finance Committee - Agenda - 6/7/2017 - P468

By dnadmin on Mon, 11/07/2022 - 10:24
Document Date
Wed, 06/07/2017 - 00:00
Meeting Description
Finance Committee
Document Type
Agenda
Meeting Date
Wed, 06/07/2017 - 00:00
Page Number
468
Image URL
https://nashuameetingsstorage.blob.core.windows.net/nm-docs-pages/fin_a__060720…

01370-1

SECTION 01370

SCHEDULE OF VALUES

PART 1 - GENERAL

1.1 DESCRIPTION
A. Extent of Work:

1. Provide a detailed breakdown of the agreed Contract Sum showing values
allocated to each of the various parts of the Work, as specified herein and in
other provisions of the Contract Documents. The breakdown shall divide the
projects into its appropriate component parts together with a quantity and a
unit price for each part such that the sum of the products of quantities and unit
prices will equal the contract price for the item(s). Coordinate with the
Engineer regarding the level of detailed warranted for the project.

B. Related Work Specified Elsewhere:

1. Documents affecting work of this Section include, but are not necessarily
limited to, General Conditions, and Sections of these Specifications.

2. Schedule of values is required under the General Conditions.

3. Schedule of values is required to be compatible with applications for progress
payment.

12 QUALITY ASSURANCE
A. Use required means to assure arithmetical accuracy of the sums described.
B. When so required by the Engineer, provide copies of the subcontracts or other data
acceptable to the Engineer substantiating the sums described.

1.3 SUBMITTALS
A. Prior to first application for payment, submit a proposed schedule of values to the
Engineer.
1. Secure the Engineer's approval of the schedule of values prior to submitting
first application for payment.

END OF SECTION

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Finance Committee - Agenda - 6/7/2017 - P468

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