Project Schedule of Values Template for Construction and Engineering Projects

Description
Our comprehensive Project Schedule of Values Template is designed to streamline the management of construction and engineering projects. With meticulous attention to detail, this template tracks various aspects of project value, ensuring clarity and transparency throughout the project lifecycle.
Each entry in the template includes essential information such as:

• Item Number: Unique identifier for each work item.
• Division: Categorization of work items into divisions for organizational purposes.
• Work Item Details: Detailed description of the work item, providing clarity on the scope of work.
• Value of the Work Item: The current value assigned to the work item, facilitating financial tracking.
• Amount Previous Payments: Total payments made for the work item prior to the current invoice.
• Amount Current Invoice: The amount invoiced for the work item in the current billing cycle.
• Total Value of Completed Work: Cumulative value of work completed for the item.
• Balance to Finish: Remaining balance needed to complete the work item.
• Retention: Amount withheld for warranty or completion purposes.
• Percent of Complete Work: Percentage of work completed for the item.
• Percent Remaining: Percentage of work remaining to be completed for the item.

This comprehensive tracking system enables project managers to monitor financial aspects effectively, ensure adherence to budgets, and forecast resource needs accurately. Additionally, it provides insight into project progress, identifies areas needing attention, and facilitates timely project completion. Streamline your project management process and enhance project success with our detailed Schedule of Values Template.