Which document is typically used to provide a cost breakdown by value and is prepared by the Contractor?

Which document is typically used to provide a cost breakdown by value and is prepared by the Contractor?

• A. Schedule of Values
• B. Resource Drawings
• C. Notice of Defect
• D. Furnished by the Owner

Answer: (A)

The Schedule of Values is the document that provides a cost breakdown by value and is prepared by the contractor. It breaks the contract sum into discrete, value-based line items—often aligned with divisions or major work elements—each with an estimated cost and a running total. This format lets progress payments reflect the value of work completed and provides a clear reference for tracking changes, substitutions, and budget changes as the project advances. The other options serve different purposes: a notice of defect communicates deficiencies; items furnished by the owner refers to owner-provided materials or services; and “resource drawings” isn’t a standard cost-tracking document in CDT practice.

The Schedule of Values is the document that provides a cost breakdown by value and is prepared by the contractor. It breaks the contract sum into discrete, value-based line items—often aligned with divisions or major work elements—each with an estimated cost and a running total. This format lets progress payments reflect the value of work completed and provides a clear reference for tracking changes, substitutions, and budget changes as the project advances. The other options serve different purposes: a notice of defect communicates deficiencies; items furnished by the owner refers to owner-provided materials or services; and “resource drawings” isn’t a standard cost-tracking document in CDT practice.