How to create a Schedule of Values (SOV) in MeasureSquare CRM

In this article, we will show you how to create a Schedule of Values (SOV) in MeasureSquare CRM.

This article applies to MeasureSquare CRM.

A Schedule of Values (SOV) is a detailed document that outlines the elements of work involved in a construction project. It's used as a management tool for tracking progress and payments within a construction contract.

Step 1: Navigate to the SOV Section

1. Open the relevant project in MeasureSquare CRM.
2. Click on the SOV tab located in the project details section.
3. Click the Create SOV button to start creating a new SOV.
   

Step 2: Fill Out the New SOV Form

1. Application #: Enter the application number.
2. Application Date: Select the date for the application.
3. General Contractor: Choose the contractor from the dropdown.
4. Fill in additional fields such as Owner, Architect, Contract For - (Broad definition of scope of work, for example : flooring), Period To, and Retainage percentage.
   
5. After you filled in your New SOV Form, click Save. 

Step 3: Add Items to the SOV

1. After saving, you will be redirected to the SOV Edit Screen.
2. Alternatively, import data from existing Quotes or Bids by clicking Import from Bid or Import from Quote.
   

You can add items manually by clicking Add Line Item

Step 4: Import Data from a Bid or Quote 

We have chosen Bid from the button highlighted in step 3

1.  Choose the Bid you want to import and click OK
   

      
             

1.  After importing, select the specific items you want to include in the SOV and click OK to confirm your selection.

1. Your Bid or Quote information will be shown in your SOV after you confirm your selection.

We have created a folder (Commercial Estimate 3) to make our presentation more clear. You can do this by clicking Add Group, then dragging items that fall under that category inside the folder

Step 5: Import Data from Work Order and Purchase Order

1. Click the Import button on the top right corner.
   
2. Click on This Period from Work Order and Stored Materials from Purchase Order to import your Work Order and Purchase Order.   

Adding these documents will automatically update your completion percentage based off the value in each document. This makes it quick and easy to see where you are at and how much is left at each stage and for each product or group

 

1. To import your Work Order, you need to de-select the Labor Only box on the bottom left corner of your Work Order window to populate your items.
   

           

     

1. After your items from your Work Order populate, click OK and your total price from Work Order will show up in your SOV. 
   

1. To import your Purchase Order, your items will populate in the window and click OK so your total price from Purchase Order will show up in your SOV. 
   

1. Your Work Orders and Purchase Orders that you import into your SOV are tracked so you can see where each value comes from with documentation. Simply Click on the Information icon to access the order where the amount originated
   

Here's a video on general walkthrough on using the SOV. 

Additionally, you may reach out to our Support team at +1-626-683-9188 or anytime at support@measuresquare.com

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