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Schedule of Values (SOV) Billing

Take Control of Your SOV Billing with the Spitfire Project Management System

A clear Schedule of Values can help protect your financial and legal interests by spelling out the value for work every step of the way. The more detailed your SOV, the better. The Spitfire Project Management System simplifies the creation of SOV worksheets that track all your payment applications and can create custom forms to send to your clients.

Advantages of SOV Billing in Spitfire

• The SOV can be built from the project contract or from project commitments/subcontracts, giving you flexibility
• Billing against the SOV creates an audit trail and history record of job progress and percentage of completion
• Establishing protocols and using templates gives a consistency across all projects
• Changes made to your contract can automatically update your SOV worksheet
• Payments entered onto the SOV worksheet can be integrated with an accounting package for seamless data flow
• Tax and retainage is calculated automatically so amounts are always correct
• Percent complete is automatically calculated based on % paid on related subcontracts so you can easily review and override it

Let us tell you more about Spitfire's Schedule of Values Billing features.

Schedule a Free Personalized Demo

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