{"id":146,"date":"2026-11-01T09:31:00","date_gmt":"2026-11-01T09:31:00","guid":{"rendered":"https:\/\/wisegrid.co\/blog\/?p=146"},"modified":"2026-10-30T09:33:03","modified_gmt":"2026-10-30T09:33:03","slug":"schedule-of-values","status":"publish","type":"post","link":"https:\/\/wisegrid.co\/blog\/schedule-of-values\/","title":{"rendered":"Schedule of Values: Example, Template and How to Build One (2026)"},"content":{"rendered":"

By Ryan Kramer<\/a>, founder of Wisegrid. Last updated October 2026.<\/em><\/p>\n

A schedule of values is a list of every part of a construction contract with a dollar amount for each line. The lines must add up to the contract price. Each month the contractor bills against it by reporting how much of each line is complete. Owners, architects and lenders use it to approve each payment request.<\/p>\n

A clear schedule of values gets you paid on time. A sloppy one gets your first payment request sent back. This guide shows a full example with retainage, how it flows into the standard payment forms, and the mistakes reviewers look for.<\/p>\n

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Key takeaways<\/strong><\/p>\n

\u2013 A schedule of values splits the contract price into lines<\/strong> that match how the work is built and inspected.<\/p>\n

\u2013 Every payment request reports progress line by line.<\/strong> Work done this period, materials stored on site and the balance left to finish.<\/p>\n

\u2013 Retainage is held back from each payment<\/strong> at the rate your contract and state law allow.<\/p>\n

\u2013 Front-loading is the most common reason a schedule of values gets rejected.<\/strong> It means putting too much value on early lines to get paid ahead of the work.<\/p>\n<\/blockquote>\n