Cost Management. 3.5.3.1 Schedule of Values (Each Contract) The CM shall, in participation with the Contractors, determine a Schedule of Values for each of the construction contracts. The Schedule of Values shall be the basis for PAYMENT TO THE CONTRACTORS the allocation of the Construction Contract price to the activities shown on the Contractor’s Construction Schedule.
Appears in 2 contracts
Sources: Standard Form of Agreement Between Owner and Construction Manager (Construction Manager at Risk), Standard Form of Agreement Between Owner and Construction Manager (Construction Manager at Risk)