What is SOV?
SOV is an abbreviation for Schedule of Values. It is also known as construction costs or probable costs of construction.
On public works projects such as a new school, the general contractor typically submits a schedule of values listing the major subcontractors and their bids. Since Probable Cost of Construction is such a long title, we opted for SOV, which is somewhat known in the industry.
If you enter your construction costs, BaseBuilders will provide valuable ratios like fees as a percentage of construction or cost per square foot.