Exception ledger
Each row states what was claimed, what the contract and the supporting documents actually support, and the difference between them.
Line 2 (Structural steel) is billed to $5,220,646 against an adjusted scheduled value of $4,789,583
Why it matters A schedule-of-values line cannot be worth more than its scheduled value plus the approved change orders against it. Anything above that is money claimed for scope that has not been priced or approved.
Line 1 (General conditions) is billed to $4,348,120 against an adjusted scheduled value of $4,102,000
Why it matters A schedule-of-values line cannot be worth more than its scheduled value plus the approved change orders against it. Anything above that is money claimed for scope that has not been priced or approved.