The Schedule of Values: Your Construction Project’s Financial GPS In the complex world of construction, managing finances, tracking progress, and ensuring everyone is on the same page financially are critical. At the heart of these tasks lies a fundamental document: the Schedule of Values (SOV). Far more than just a list of costs, the Schedule […]
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For a contract administrator in Canada, understanding the nuances of each project stage is crucial for ensuring successful outcomes. This journey, from pre-construction planning to post-construction wrap-up, requires a keen understanding of team dynamics and a proactive approach to management. Crucially, it also involves recognizing the importance of smooth transitions between these phases. Let’s explore
Navigating the Construction Lifecycle Read More »
In the pre-construction phase of a project, it’s crucial to set the stage for success. This includes a site visit, creating a schedule of values (SOV), and forming the construction team. The SOV is a key document that outlines each work item’s cost and tracks the project’s progress to ensure it stays within budget.
The Importance of a Complete Schedule of Values Before Starting Construction Read More »
