Before starting a project, a contractor should prepare a schedule of values in order to:
Explanation
A schedule of values divides the contract sum into line items by trade or phase, and each progress application states how complete each line is, so payment follows the work actually done. The overhead rate is computed from the company's own costs and is an input to the bid, not something the schedule produces. Licence classifications come from the CSLB and the scope of each subcontract. And the overtime schedule is a labour-planning matter governed by the wage and hour rules.
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