What does subcontractor schedule of values mean in construction?
Short definition
A subcontractor schedule of values breaks a subcontract amount into billing line items.
Longer explanation
It helps review subcontractor invoices and understand how subcontract value is allocated across the work.
Example in context
“The project team reviewed the subcontractor schedule of values during the construction phase.”
Common users
- Owners
- Architects
- Contractors
- Construction managers