Finance category
Mortgage, loan, investing, tax, and money calculators.
Schedule Of Values Burn Calculator
SOV line-item tracking catches pacing issues.
Amount over-billed
$360,000
Claimed value
$2,160,000
Actual value
$1,800,000
How the math works
Claimed = item × claimed %. Actual = item × actual %. Over-billed = claimed − actual.
$3M × 72% = $2.16M claimed. Actual 60% = $1.8M. $360k over-billed — investigate and withhold.
How to Use
- Enter SOV line item value.
- Enter % complete claimed.
- Enter % complete actual (audited).
- Read variance and over-billing risk.
Frequently Asked Questions
What is SOV?
Schedule of Values breakdown of contract by line item with dollar value for each. GC bills pay application based on % complete per line. Owner reviews against physical progress. Discrepancies suggest over-billing.
Detecting over-billing?
On-site walk comparing claimed % to observed. Photo review. Measurement (drywall up, roof percentage). Lien waivers submitted check. Independent construction mgr/owner's rep for material projects. Front-loaded over-billing is #1 issue.
Consequences?
Short-term: GC gets paid more than work delivered. Long-term: if GC fails mid-project, owner has paid for incomplete work; can't recover. Over-billing 5-15% over actual is common risk. 20%+ red-flag level.
How often should I rerun this?
Rerun this calculator whenever inputs change materially — new rent roll data, rate moves, loan balance updates, or quarterly operating data. For active deals, monthly refresh is typical. For stabilized assets under monitoring, quarterly is fine. Treat the output as a decision tool, not a one-time answer — market conditions evolve and so should your analysis.
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