Free Schedule of Values Template & Builder
Create a construction Schedule of Values (SOV) online for free. Add billing line items, enter scheduled values, track percent complete, include stored materials, and export your work without fighting a bloated spreadsheet.
This free tool is built for subcontractors, project managers, estimators, and billing teams who need a clean and practical way to prepare an SOV for progress billing and monthly pay application workflows.
Build Your Schedule of Values
Add rows, calculate totals automatically, save locally in your browser, and export to CSV.
| Item No. | Description | Scheduled Value ($) | % Complete | Completed ($) | Stored Materials ($) | Total Earned ($) | Remove |
|---|---|---|---|---|---|---|---|
| Totals | $0.00 | $0.00 | $0.00 | $0.00 | |||
How this free SOV builder works
- Add each division, scope, phase, or billing line item as its own row.
- Enter the scheduled value for each line.
- Set the percent complete to calculate completed work automatically.
- Add stored materials when they apply.
- Export your SOV to CSV for estimating, accounting, or billing workflows.
Good fit for
- Subcontractor billing teams
- Project managers
- Construction accountants
- General contractor support staff
- Anyone replacing messy SOV spreadsheets
What is a Schedule of Values in construction?
A Schedule of Values is a line-by-line breakdown of the contract amount for a construction project. It usually organizes the job into cost categories, scopes, phases, or trade-based line items so billing can be measured against actual progress.
In practical terms, the SOV is the map for the money. It shows how the contract value is distributed across the work, making it easier to bill accurately, review progress, explain completed work, and reduce payment disputes.
A solid SOV also makes downstream billing cleaner when you need to prepare pay applications, explain stored materials, separate out change order work, or answer why one line item moved this month and another did not.
Why contractors search for an SOV template
- To replace a messy spreadsheet
- To organize a project before billing starts
- To support monthly progress billing
- To track percent complete by line item
- To account for stored materials more clearly
How to create a Schedule of Values
A good construction SOV starts with a clear breakdown of the work. The goal is not to create dozens of random lines just to look detailed. The goal is to create a schedule that reflects how the project will actually be managed, reviewed, and billed.
1. Break the job into logical line items
Use categories that make sense for how the project is estimated and billed. That may be CSI-style divisions, phases of work, or trade-specific scopes.
2. Assign a scheduled value to each item
The total of all line items should match the contract amount you are billing against. If it does not, confusion starts before the first invoice is ever submitted.
3. Track progress honestly
Percent complete should be defensible. If the reviewer cannot understand how you reached your billing amount, that is often where delays and rejections begin.
4. Include stored materials carefully
Stored materials often need to be tracked separately from installed work depending on the project and contract terms. This is one reason many contractors outgrow generic spreadsheets.
5. Keep the structure usable month after month
The best SOV is not just accurate once. It stays useful across recurring billing cycles, supports change orders, and gives your accounting or project team a reliable basis for each pay application.
Common Schedule of Values mistakes
- Line items that are too vague to defend during review
- Totals that do not match the contract value
- Overloaded lump-sum lines with no visibility
- Stored materials mixed into installed work with no explanation
- Using a spreadsheet that nobody trusts two months later
- Building an SOV that cannot support recurring monthly billing
Need help after the SOV?
The Schedule of Values is usually the beginning, not the end. When you need to produce clean, professional monthly billing packages, the process gets more demanding.
Explore PayAppPro FeaturesTrade-specific billing pages
Frequently Asked Questions
Built the SOV? The monthly billing work usually starts after that.
PayAppPro helps contractors move beyond scattered spreadsheets and into a more organized billing workflow for recurring pay applications, supporting detail, and cleaner client-facing output.