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A Schedule of Values (SOV) is a detailed schedule apportioning the original contract sum and all change orders, among all cost code divisions or portions of the work. The Schedule of Values shall be based on the approved budget or the approved Fixed Price, or GMP, Cost-Plus Contract type as applicable.
The 16 Divisions of construction, as defined by the Construction Specifications Institute (CSI)'s MasterFormat, is the most widely used standard for organizing specifications and other written information for commercial and institutional building projects in the U.S. and Canada.
The International Union of Painters and Allied Trades (IUPAT) is a trade union representing about 100,000 painters, glaziers, wall coverers, flooring installers, convention and trade show decorators, glassworkers, sign and display workers, asbestos worker/hazmat technician and drywall finishers in the United States and Canada. [2]
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A Allocation of costs is the transfer of costs from one cost item to one or more other cost items. Allowance - a value in an estimate to cover the cost of known but not yet fully defined work. As-sold estimate - the estimate which matches the agreed items and price for the project scope. B Basis of estimate (BOE) - a document which describes the scope basis, pricing basis, methods ...
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The National Apprenticeship Act (also known as the Fitzgerald Act), is a federal law in the United States which regulates apprenticeship and on-the-job training programs. Apprentice programs in the U.S. were largely unregulated until 1934.