View Received SOVs

The approval authority, usually the general contractor (GC) or the owner, can review the Schedule of Values (SOVs) submitted by contractors, including any submitted by the GC, for the current month. This allows for thorough assessment and processing. All monetary values are derived from the budget allocations assigned to tasks within the project budget by the GC.

• If the GC is the final approval authority, they can directly approve the SOV by themselves
• If the owner is the approval authority, the GC can review and submit the SOV to the owner for approval 

Once approved, the contractors can generate invoices following the SOVs.

To view the submitted SOVs

• Open the 'SOV' > 'Current Month' screen. To do so:
  • Ensure that you are on the management console of the project
  • Click the app launcher icon in the top-right and select "Finance" from the drop down
  • Click 'SOV' on the top, then select 'Current Month' from the options on the left

• The table shows the list of SOVs from your contractors.

  • Responsible Contractor - The name of the contractor company from whom the SOV is received. Click the name to open the SOV received from the contractor for the current billing cycle. See Approve Submitted SOVs to learn more about viewing, assessing, and approving SOVs for the current billing cycle from the contractor 
  • Work completed:
    • Last Period Amount (B) - The total gross billable amount accrued for the contractor up to the end of the previous billing cycle. 
    • This Period Amount (C) - The total gross billable amount payable to the contractor for the current billing cycle. 
  • Total Stored Materials (D) - The dollar value of the materials procured by the contractor for their tasks and remaining for future work. 
  • Total Profit (P) - The profit earned by the General Contractor (GC) from the budget allocation assigned to the work item for the current billing cycle.
  • Retainage - The agreed-upon percentage of the contractor's billing amount to be withheld as per the contract terms.
  • Total Retainage (G) - The specific amount to be retained from the current billing cycle's total billing amount.
  • Net SOV (N) - The net billable amount for the current billing cycle, excluding the retainage.  (This Period Amount - Stored Materials - Retainage)
  • Total value to Date - The cumulative cost incurred by the contractor, including the current billing cycle’s payable amount and the GC’s profits.

Search and Filter Options
Use the 'Search' box located at the top left to find an item using any value from the table as search criteria
The options at the top right allow you to filter the entries, and manage personalized and customized views of the table. Use the links below to learn more about these:
Customize Columns in List Views
Filter Options in List Views
Manage Custom List Views				
Sortting Options
Hover over a column header and click theicon next to it to access sorting options.
Select 'Ascending' to sort the rows based on the values in that column, arranged alphanumerically from lowest to highest
Select 'Descending' to sort  the rows based on the values in that column, arranged alphanumerically from highest to lowest
Click 'Clear' to return to the default view
View Groups and Subtotals
You can get totals and subtotals of numerical data for any selected set of records by grouping and applying nested grouping. Use the  icon at the top right to organize the data by column headers.
The system automatically aggregates relevant numerical values, giving a structured breakdown and a clear view of the grand total distribution. See Group and Organize Items in a List View for more details
Download as Excel Sheet
Click the button at the top right to save a local copy of the list in Excel format for sharing and record-keeping. See Download List Views and Logs in Excel Format for more details.

See the next section Approve Submitted SOVs, to learn about viewing the SOV from each individual contractor and approving the same.