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SECTION 01370 <br /> SCHEDULE OF VALUES <br /> PART 1 — GENERAL <br /> 1 .01 REQUIREMENTS INCLUDED <br /> A . Submit a Schedule of Values allocated to the various portions of the work, within twenty- <br /> one (2 1 ) days after the effective date of the Agreement. <br /> B . Upon request of the Owner or Engineer, support the values with data which will <br /> substantiate their correctness . <br /> C. The accepted Schedule of Values shall be used only as the basis for the Contractor's <br /> Applications for Payment. <br /> 1 .02 RELATED REQUIREMENTS <br /> A . Standard General Conditions of the Construction Contract are included in Section 00700 , <br /> B . Application for Payment is included in Section 01052 . <br /> I <br /> 1 .03 FORM AND CONTENT OF SCHEDULE OF VALUES <br /> A. Type schedule on an 8 %24nch by 11 -inch or W24nch by 14-inch white paper furnished by <br /> I the Owner, Contractor's standard forms and automated printout will be considered for <br /> approval by the Engineer upon Contractor's request. Identify schedule with: <br /> 1 . Title of Project and location. <br /> 2 . Engineer and Project number. <br /> i 3 . Name and Address of Contractor. <br /> 4 . Contract designation. <br /> i 5 . Date of submission. <br /> I <br /> B . Schedule shall list the installed value of the component parts of the work in sufficient <br /> detail to serve as a basis for computing values for progress payments during construction. <br /> C. Identify each line item with the number and title of the respective Section. <br /> ID . For each major line item list sub-values of major products or operations under the item. <br /> E. For the various portions of the work: <br /> 1 . Each item shall include a directly proportional amount of the Contractor's <br /> overhead and profit. <br /> t <br /> 2 . For items on which progress payments will be requested for stored materials,break down the value into: <br /> a. The cost of the materials, delivered and unloaded, with taxes paid. Paid <br /> invoices are required for materials upon request by the Engineer. <br /> b. The total installed value. <br /> 044.572011 <br />