The schedule of values is directly related to the price breakdown from requisitions, inquiries, and quote summaries. It includes the goods, services, or packages separated into their elements and listed under suitable headings such as materials, labor, shipping and handling, taxes, and so forth.
For unapproved subcontracts, the sum of the line items net prices will be compared with the sum of overall totals, and a warning message will be displayed showing the difference accordingly.
If negative values generated by a change order request (COR) exist, you must adjust and remove these values. Otherwise, you cannot approve the agreement or leave the screen.
You can maintain the schedule of values on the Schedule of Values tab. This tab is only available for subcontracting agreements. If the project default ZP_SMINCPO is set to Y, this tab is displayed for all kinds of agreements.
Select the code of the item from the LOV in the Item Code field. If an already entered price breakdown item exists on the SM.40.02 Change Order Request screen or on the SM.20.11 Subcontracting Management screen, the SOV items already in use LOV opens, displaying all used SOV items with additional information. The item selected from the LOV will be inserted with all costs and associated labor hours. The new item code is replaced with the original item code and attached timestamp (YYMMDD).
In the Description field, you can enter the item description.
You can assign a schedule of values item to an agreement line item by selecting the position and sub position from the LOV in the Pos field. An agreement line item can be assigned to multiple SOV item codes.
Select the name (code) of the activity related to this item from the LOV in the Activity Code field. You can double-click in this field to open the J.30.01 Activities screen where activities are defined.
Select the account code related to the item from the LOV in the Account Code field. You can double-click in this field to open the A.10.30 Account Codes screen where account codes are defined.
In the Material Total field, you can enter the estimated cost for the material. Material refers to those materials that are built into the end product, or that are used or consumed directly in connection with the furnishing of the end product or service.
The Labor Total field displays the total costs of labor for this item. The value of this field is calculated as: (sum of hours x unit rate) for all details of these items.
To maintain the details, double-click in this field to open window 23 where the labor hours are specified.
Enter a sequence number in the Seq field. Select a work specification from the LOV in the Labor Classification field. You can double-click in this field to open the P.10.39 Rate Types screen where labor rate types are defined.
Enter the estimated number of working hours in the Hours field. Enter the hourly rate of the selected labor classification in the Unit Rate field. The total of this labor hours item is calculated by multiplying the hourly rate with the number of estimated labor hours and displayed in the Total field, with the currency in the Currency field. This currency is populated from the previous window and cannot be updated here.
In the Constr. Equipt. Total field, enter the estimated cost for construction equipment.
In the Consumables Total field, enter the estimated cost for the consumables.
In the Others Total field, enter the estimated other costs that could not be added to the material, construction equipment, or consumables totals.
The Overall Total field displays the sum of all total fields of this item. The value of this field is calculated as:
Material Total + Labor Total + Construction Equipment Total + Consumables Total + Others Total
The Currency field displays the currency of this item. You can double-click in this field to open the A.10.12 Units of Measure screen where currencies are defined.
In the Comments field, you can add any additional comment for this item.
You can click the Import Data button in order to import items from sources outside of Smart Materials into the Schedule of Values tab.
Using this button results in a call to a CIP, so its functionality is customer-specific.
The Agreement Value field displays the sum of net prices of the agreement line items converted to the agreement base currency. This sum will be compared with the value of the Sum Overall Total field.
The Sum Overall Total field displays the sum of the above displayed Overall Total fields converted to the agreement base currency. This sum will be compared with the value of the Line Items Total field.
The Currency field shows the agreement base currency.