Edit schedule of values - Intergraph Smart Materials - Version 2016 R4 (8.4.0) - Help - Hexagon PPM

Intergraph Smart Materials Help (2016)

PPMProduct
Intergraph Smart Materials
PPMCategory_custom
Help
Version_SPMat
2016 R4 (8.4)

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.

  1. Click Add Schedule of Value .

  2. Type a name in the Item Code cell.

  3. Type the schedule of value (SOV) description in the Description cell.

  4. Optionally, you can assign a schedule of values item to an agreement line item by selecting the position and sub position from the list in the Pos cell.

    An agreement line item can be assigned to multiple SOV item codes.

  5. Optionally, click Activity Code and select the appropriate activity.

  6. Optionally, click Account Code and select an applicable account code.

  7. Enter the estimated cost for the material in the Material Total cell.

    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.

  8. Enter the estimated cost for construction equipment in the Construction Equipment Total cell.

  9. Enter the estimated cost for consumables in the Consumables Total cell.

  10. Enter the estimated other costs that could not be added to the material, construction equipment, or consumables totals in the Others Total cell.

  11. The total costs of labor for this item is shown in the Labor Total cell, calculated as total (sum of hours x unit rate) of all assigned details. Click Manage in the Details cell to Edit the labor details.

  12. If you want to use another than the currency copied from the agreement, click Currency and select a value.

    To define labor costs in another currency, you must change the currency before defining the labor costs.