Schedule of Values Example for Construction Billing
A good Schedule of Values does more than divide up a contract. It creates the line-item structure that drives every pay application that follows.
This page shows practical SOV examples for electrical, concrete, and HVAC billing. To build your own, use the Schedule of Values Builder.
What a Good Schedule of Values Looks Like
A strong SOV separates major scopes clearly enough for reviewers to understand progress. If the SOV is too broad, progress billing becomes vague. If it is too detailed, monthly billing can become hard to manage.
| SOV Line | Description | Scheduled Value | Why It Works |
|---|---|---|---|
| 01 | Mobilization and project setup | $12,500 | Separates startup costs from field production |
| 02 | Rough-in / primary field installation | $86,000 | Tracks major production work clearly |
| 03 | Equipment and materials | $74,000 | Supports stored materials and procurement timing |
| 04 | Trim, startup, testing, closeout | $27,500 | Separates completion tasks from installation |
For more background, review what a Schedule of Values is and how to create a Schedule of Values template.
Trade-Specific SOV Examples
Different trades need different line-item logic. The SOV should match how the work will actually be reviewed.
Electrical SOV Example
- Mobilization
- Underground / rough-in
- Feeders and panels
- Lighting fixtures
- Controls and devices
- Testing and closeout
Concrete SOV Example
- Mobilization
- Forming
- Reinforcing steel
- Concrete placement
- Finishing
- Cleanup and closeout
HVAC SOV Example
- Mobilization
- Ductwork
- Equipment
- Piping
- Controls
- Startup and balancing
More: HVAC contractor billing
Common SOV Mistakes That Cause Billing Problems
One huge “labor and materials” line
Reviewers cannot easily tell what was completed, what is stored, and what remains.
Too many tiny line items
Monthly billing becomes hard to update and easy to throw out of alignment.
Stored materials are not separated
Materials-heavy work needs a structure that supports documentation and reviewer approval.
Retainage is not considered upfront
Retainage tracking becomes harder when the SOV structure does not match how progress will be reviewed.
Related topics: retainage tracking, stored materials billing, and GC review workflows.
Why SOV Organization Matters for Billing Continuity
The SOV becomes the backbone of the G703-style continuation sheet. If the SOV is unclear, every future pay application becomes harder to review.
A clean SOV makes it easier to track prior billing, current billing, stored materials, retainage, and balance to finish. That matters because the G702-style summary depends on the continuation detail being accurate.
Review the AIA G702/G703 billing guide for how the SOV connects to the pay application package.
Build a Cleaner SOV with PayAppPro
PayAppPro helps contractors set up project billing around a Schedule of Values and carry that structure into AIA-style pay applications. Instead of rebuilding spreadsheets every month, the billing history stays tied to the project workflow.