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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.
Schedule of values; Shop drawing; Specification (technical standard) Submittals (construction) Symbolic language (engineering) U. Uniclass; Uniformat; V. Verify in field
For construction contractors or construction managers it is important to track and compile past data of trends, completed projects, production factors, equipment changes, and various labor markets. [32] Sample labor norms. The labor requirements are often the most variable and are a primary focus of construction cost estimators.
50 Divisions refers to the 50 divisions of construction information, as defined by the Construction Specifications Institute (CSI)'s MasterFormat beginning in 2004 ...
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 ...
The shop drawing is the manufacturer’s or the contractor’s drawn version of information shown in the construction documents. [1] The shop drawing normally shows more detail than the construction documents.
An electrical code is a term for a set of regulations for the design and installation of electrical wiring in a building. The intention of such regulations is to provide standards to ensure electrical wiring systems are safe for people and property, protecting them from electrical shock and fire hazards. They are usually based on a model code ...