Skip to main content

Schedule of Values

The Contractor must submit a schedule of values to the Architect. What is this used for?

AnswerIt is submitted before the first Application for Payment and allocates values to various portions of the Work. The Architect reviews the Contractor's Applications for Payment against the schedule of values.

ARE 4.0 exam division: construction documents & services

Comments

Post a Comment

Try These Too!

Risk management

How does an owner provide a financial safeguard for the following situations: - unanticipated price escalation of a particular product - an architect’s omission of flashing in the construction documents - a necessary change during construction, modifying the project’s scope. A. Allowance B. Alternates C. Contingency D. Escalation Answer C. Contingency is an amount, usually a percentage, that is part of the project budget to offset changes in the scope of the project, unknown conditions, and gaps/oversights in the documents. ARE 4.0 exam prep: PPP
Post a Comment
See the answer »

Fire detection

Which of the following detector types can detect smoke or a smoldering fire that has not yet burst into flames? A. Ionization B. Rise-of-temperature C. Photoelectric D. Flame detectors
Post a Comment
See the answer »