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BaseBuilders Knowledge Base

BaseBuilders Knowledge Base

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Definitions - the terms we throw around

What is SOV?

SOV is an abbreviation for Schedule of Values. They are 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.

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