Free Schedule of Values Templates (Word, Excel, PDF)
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FAQ
Can I use a Schedule of Values to track changes in material costs mid-project?
Yes, but these templates are starting points—you’ll need to manually adjust line-item values and add notes for cost variations. For projects with significant material price swings, consider pairing this with a separate change order log to document approvals and keep the Schedule of Values aligned with the revised contract sum.
Do these templates include the percentage-of-completion method for billing?
Most templates provide a column for percentage complete, but the method of calculating it (e.g., 30% for materials delivered, 70% for labor) depends on your contract terms. Review your agreement first—this template won’t auto-calculate progress based on specific milestones unless you input those rules manually.
What’s the difference between a Schedule of Values and a Construction Cost Breakdown?
A Schedule of Values lists all line items *agreed upon in the contract* with assigned values, used for billing and draws. A cost breakdown, by contrast, is an internal tool showing estimated costs for each task—it may include contingencies or overhead not tied to the contract sum. Use this template for the former, not the latter.
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