Download free excel templates to capture information on construction project. This template for schedule of values in excel is useful for business managers, project managers and professionals and consultants.
Schedule of values
A schedule of values is a document that outlines the planned allocation of construction costs over the course of a building project. It is typically used in the construction industry to provide a clear and detailed breakdown of the project costs and how they will be allocated among the various phases of the project.
What is included in schedule of values?
The schedule of values typically includes a list of all the items that are included in the project, along with the estimated cost of each item. The costs may be divided into categories such as labor, materials, and equipment, and may also be broken down further into more specific items such as excavation, framing, and electrical work.
The schedule of values may also include a timeline for when each item is expected to be completed and when the associated costs will be incurred.
Use of schedule of values
The schedule of values is an important tool for managing the financial aspects of a construction project, as it helps to ensure that the project stays on budget and that costs are properly accounted for.
It is typically prepared by the construction manager or owner’s representative and is used to track the project’s progress and to make any necessary adjustments to the budget as the project progresses.
About schedule of values excel template
Once you download this excel template, you can find various fields to fill in the details. Each field information is explained below –
- Project name, contractor information at the top to identify the project with basic details.
- Items and description of work to identify the schedule of values for that item / description.
- For work completed, scheduled value, previous application of money, current period anticipation and stored materials to be updated.
- Percentage completion and balance to complete comes at the last for project managers to keep track on the development.
Download and use schedule of values excel template
Now, let us understand how to download and use this free excel template.
To use this free schedule of values format, you should have Microsoft Office/ Microsoft Excel installed in your system.
After installing Excel or Spreadsheet, download the zip file of this template, extract the template using WinRAR or 7Zip decompressing software. Once extracted, you can open the file using Excel and start entering data or customizing the template.