Schedule of Values - If not using a GMP or Stipulated Sum contract?


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    Rebekka O'Melia

    The architect would just verify the actual construction costs. And then add the % fee. It would be much simpler than trying to check the schedule of values and verifying that the contractor has completed 50% of the work, and if they are billing for 50%.

    The only 'trick' would be making sure that the owner isn't paying for any items that are not included in the contract.

    Hope this helps!

    Rebekka O'Melia, B.Arch, M. Ed, Registered Architect, NCARB, ​​Step Up ARE Coaching​​​


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