This section discusses principles of the Schedule of Values and appropriate application in terms of identifying price structures to be used throughout the payment processing procedures and controlling would-be abuses during change pricing. The actual procedures for assembling, correlating, and communicating all this information for both the subcontractors and in the general process to the owner is described in detail in Section 4.
Refer also to Section 4.8, “Subcontractor Schedule of Values,” for important related discussion.
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