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SECTION 01370 SCHEDULE OF VALUES PART l — GENERAL 1 . 01 REQUIREMENTS INCLUDED A . Submit a Schedule of Values allocated to the various portions of the work, within twenty- one (21 ) days after the effective date of the Agreement . B . Upon request of the Owner or Engineer, support the values with data which will substantiate their correctness . C . The accepted Schedule of Values shall be used only as the basis for the Contractor' s Applications for Payment. 1 . 02 RELATED REQUIREMENTS A . Standard General Conditions of the Construction Contract B . Application for Payment is included in Section 01052 . 1 . 03 FORM AND CONTENT OF SCHEDULE OF VALUES A . Type schedule on an 8 '/z- inch by 1 I - inch or 81/2- inch by 14 - inch white paper furnished by the Owner ; Contractor' s standard forms and automated printout will be considered for approval by the Engineer upon Contractor' s request. Identify schedule with : 1 . Title of Project and location . 2 . Engineer and Project number . 3 . Name and Address of Contractor . 4 . Contract designation . 5 . Date of submission . B . Schedule shall list the installed value of the component parts of the work in sufficient detail to serve as a basis for computing values for progress payments during construction . C . Identify each line item with the number and title of the respective Section . D . For each major line item list sub-values of major products or operations under the item . E . For the various portions of the work : 1 . Each item shall include a directly proportional amount of the Contractor' s overhead and profit . 2 . For items on which progress payments will be requested for stored materials , break down the value into : a. The cost of the materials , delivered and unloaded , with taxes paid . Paid invoices are required for materials upon request by the Engineer . b . The total installed value . 01370 - 1