Key components of a table of values

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A well-structured values ​​program typically includes the following list of elements:

Business Information: Contractor name, company, business address, contract numbers, project name, etc.
Project Elements : Detailed breakdown of all project elements
Description : Clear explanation of the project and each element
Planned value : The budget allocated in total and for each element
Previous Applications : Amount billed in the last payment cycle
Current Request : Amount being billed in the current cycle
Stockpiled Materials : Value of materials stockpiled but not yet installed
Total Completed and Stored : Sum of work completed and materials stored for future use
Percent Complete : Percentage of work completed
Balance to be paid : Total amount remaining to be billed later
Creating a table of values
Building a SOV isn't rocket science. It may take some time and practice to perfect it, but vp financial email list once you get the hang of it, you'll be able to remember everything like the back of your hand.

A well-crafted values ​​statement will be easy to read and understand. It should include all steps of the project, its financials and other evidence, and should be accessible to all parties involved for the sake of true transparency.

But what happens once the project has started? How can you ensure that you and your team stay on track, know what needs to be done and when, and meet deadlines?

Enter a robust construction project management software like ClickUp !

The best way to track an ongoing construction project is to use project software. While ClickUp is well known for its project management features, it also works as an effective tool for creating your schedule of values. Let’s take a look at how.

ClickUp Construction Project Management Software

Never miss a task or deadline with ClickUp's construction project management software ClickUp's construction project management software can help you streamline your workflows, improve collaboration, and deliver projects on time and on budget.

Let’s look at the steps required to create a complete values ​​program and how ClickUp can help: