SCHEDULE OF VALUES

SCHEDULE OF VALUES

PART 1 - GENERAL

1.1       GENERAL

A. This Section defines the process whereby the Schedule of Values (lump sum price breakdown) shall be developed and incorporated into the cost loading function of the CPM Schedule as specified in Section 01311.  Monthly progress payment amounts shall be determined from the monthly progress updates of the CPM Schedule activities.

B. The Schedule of Values shall be  developed  independent but simultaneous with the development of the CPM Schedule activities and logic as follows:

1.2       DETAILED SCHEDULE OF VALUES

A. The Contractor shall prepare and submit a detailed Schedule of Values to the Resident Project Representative within 30 days from the date of Notice to Proceed.  The detailed Schedule of Values shall be based on the major work components or work breakdown structure.  Because the ultimate requirement is to develop a detailed Schedule of Values sufficient to determine appropriate monthly progress payment amounts through cost loading of the Construction Schedule activities, sufficient detailed breakdown shall be provided to meet this requirement.   The Owner shall be the sole judge of acceptable numbers, details and description of values established.  If, in the opinion of the Owner, a greater number of Schedule of Values items than proposed by the Contractor is necessary, the Contractor shall add the additional items so identified by the Owner.

1. The minimum detail of breakdown of the major work components is indicated below. Greater detail shall be provided as directed by the Engineer.

a.         Mobilization - no breakdown required.

b.         Section 01311, broken down by submittal.

c.          The electrical work shall be broken down by structure and yard facilities.
Structures electrical work shall be broken down into conduit and raceway installation, cable and wire installation, electrical equipment installation, terminations and lighting.   Yard facilities shall be broken down by duct bank designation and substations.

d.         Instrumentation and control work shall be broken down by structure.

e.         Protective coating work shall be broken down by structure and yard area.
Where specific coating work at structures or yard areas may be critical to performing the work to meet milestone and Contract dates, such work shall be included as individual pay and schedule activity items.

f. Yard piping work shall be broken down into individual pipelines running from and to Contract termination points.   Each pipeline shall be an individual pay item unless otherwise allowed by the Engineer.
g. Mechanical work shall be broken down within each structure to identify individual piping systems, equipment installation by equipment name and number, and equipment testing and checkout.

h. Concrete  structures  shall  be  broken  down  into  excavation,  subgrade preparation, and appurtenant prefoundation work, concrete foundation construction, slabs on grade, walls/columns, suspended slabs, stairs, etc. (sufficient breakdown shall be provided to accommodate necessary Schedule  detail),  hydrostatic  structure  testing  where  required  and backfill.

i. Civil  site  work  shall  be broken  down  into  individual  drainage piping, drainage  structures,  site  concrete,  paving,  excavation  cut  and  fill, removal of existing pipe, clearing and grubbing and any other items determined to be necessary for the establishment of Pay and Schedule Activity items.

j. Equipment checkup and testing, equipment and process startup, and plant commissioning, broken down for completion milestones for each.

k. All other work not specifically included in the above items shall be broken down as necessary for establishment of pay and schedule activity items.

B. The Contractor and the Engineer shall meet and jointly review the detailed Schedule of Values within 35 days from the date of Notice to Proceed.   The value allocations and extent of detail shall be reviewed to determine any necessary adjustments to the values and to determine if sufficient detail has been proposed to provide cost loading of the Construction Schedule activities. Any adjustments deemed necessary to the value allocation or level of detail shall be made by the Contractor and a revised detailed Schedule of Values shall be submitted within 40 days from the date of Notice to Proceed.

C. Following acceptance of the detailed Schedule of Values, the Contractor shall incorporate the values into the cost-loading portion of the Construction Schedule.  The Construction Schedule activities and logic shall have been developed concurrent with development of the detailed Schedule of Values; however, it shall be necessary to adjust the detailed Schedule  of Values to correlate  to  individual  Construction Schedule activities.   It is anticipated that instances will occur, due to the independent but simultaneous development of the Schedule of Values and the Construction Schedule activities, where interfacing these two documents will require changes to each document.   Schedule activities may need to be added to accommodate the detail of the Schedule of Values. Schedule of Value items may  need  to be added to  accommodate the detail of the Construction Schedule activities.   Where such instances arise, the Contractor shall propose changes to the Schedule of Values and to the Construction Schedule activities to satisfy the Construction Schedule cost loading requirements.

1.4       CROSS REFERENCE LISTING

A. To assist in the correlation of the Schedule of Values and the Construction Schedule, the Contractor shall provide a Cross Reference Listing which shall be furnished in two parts. The first part shall list each Scheduled Activity with the breakdown of the respective valued items making up the total cost of the activity.  The second part shall list the valued item with the respective Scheduled Activity or Activities that make up the total cost indicated.  In the case where a number of schedule items make up the total cost for a
valued item (shown in the Schedule of Values) the total cost for each scheduled item should be indicated.

B.    These  listings  shall  be  updated  and  submitted  in  conjunction  with  the  Construction
Schedule monthly submittals as stated in Specification Section 01311.

C. Approved change orders reflected in the Construction Schedule shall be incorporated into the Schedule of Values as a single unit identified by the change order number.

1.5       CHANGES TO SCHEDULE OF VALUES

A. Changes to the Construction Schedule that add activities not included in the original schedule but included in the original work (schedule omissions) shall have values assigned as approved by the Engineer.  Other activity values shall be reduced to provide equal value adjustment increases for added activities as approved by the Engineer.

B. In the event that the Contractor and Engineer agree to make adjustments to the original Schedule of Values because of inequities discovered in the original accepted detailed Schedule of Values, increases and equal decreases to values for activities may be made.

1.6       LIQUIDATED DAMAGES

A. The Schedule of Values information is an integral part of the scheduling and reporting under Section 01311 and the progress payment information.   As such, it is critical information to evaluating the project's progress and the proper planning of the Owner's and Engineer's work effort as well as their financial obligations associated with this project.  Accordingly, if any submittal required by this Section is found to be incomplete or is submitted later than required, the Owner will suffer financial loss and, accordingly, liquidated damages will be assessed against the Contractor in accordance with Article 3 of the Agreement.

PART 2 - PRODUCTS (Not Used)

PART 3 - EXECUTION (Not Used)