Schedule of Values Template
A ready-to-use Excel SOV template with auto-calculated totals, retainage, and percent complete. Download and adapt for your next project.
Download the Excel template below. Yellow cells are where you enter your data — everything else calculates automatically. Adapt the line items to match your scope of work and make sure your scheduled values add up to your total contract amount.
Schedule of Values Template
Excel spreadsheet with 10 line items, auto-calculated % complete, retainage, and balance to finish. Yellow cells = your inputs.
Download SOV Template (.xlsx)How to use this template
1. Fill in the project info at the top — project name, contractor, contract amount, and date. 2. Replace the placeholder line items with your actual scope of work categories. 3. Enter the Scheduled Value for each line item — these must total your contract amount exactly. 4. Submit to your GC for approval before your first pay application. 5. Each month, fill in the Work Completed This Period column — everything else updates automatically.
Tips for getting your SOV approved
Keep line items between 8 and 15 — more than that creates unnecessary back-and-forth. Don't front-load (inflate early line items to get paid faster) — GCs watch for this. Use language your GC recognizes from their own budget when possible.
This template is provided for general reference and educational purposes. It is not a substitute for a project-specific SOV reviewed by your GC. Requirements vary by contract and project type.
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For general educational purposes only. Not legal advice. Consult a California construction attorney for your situation.
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