Common use of Responsibility for Schedule of Values Clause in Contracts

Responsibility for Schedule of Values. The Contractor, if so requested by the Owner, shall have provided to the Owner a Schedule of Values allocated to various portions of the Work. The Schedule of Values shall be formed and supported by such data and information, acceptable to the Owner. Each line item of the Schedule of Values shall contain no more than reasonable and attributable costs applicable to the line item. The Contractor shall warrant the Schedule of Values to be reliable and accurate, and documents used in the preparation thereof shall be available for review by the Owner. All costs attributable to profit, overhead, and all other incidental items shall be proportionately distributed across all line items in the Schedule of Values.

Appears in 10 contracts

Samples: Owner Contractor Agreement, Contractor Agreement, imlive.s3.amazonaws.com

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