Table of values ​​in construction

The Fundamental Role of the Table of Values ​​in Civil Construction

In the complexity of documents involved in works, the table of values ​​often goes unnoticed. However, contractors understand its importance, as it can be decisive for the success or failure of a project.

Understanding the Table of Values

Essentially, a table of values ​​is a detailed record of all of a project's work items, from the first to the last, with their respective component parts and values. It aims to establish the total contract price, ensuring that the costs of each item are within the agreed budget.

Using this table, contractors are able to measure and control project costs at all stages. This includes everything from the acquisition of materials and labor to administrative expenses and other indirect costs.

Detailing and variations

The way prices and items are broken down may vary depending on the project and the preferences of the owners and architects. Some prefer an overview, while others want a detailed breakdown of each cost. This allows for a clearer understanding of how money is being spent and where key investments are.

In addition, the table of values ​​must include information about cost variations, such as changes in the project scope, material price variations and other adjustments that may affect the final cost of the work.

Impact on Cash Flow and Monthly Payments

In addition to controlling costs, the value table directly influences the work's cash flow. It is the main document used for monthly payments, ensuring that the amounts paid correspond to the work carried out and the progress of the project. Furthermore, it allows an accurate assessment of how the project is progressing according to plan.

By closely monitoring cash flow through the table of values, project managers can quickly identify and resolve any cost-related issues, avoiding delays and financial problems during the work.

Importance in Financial Management

The table of values ​​plays a crucial role in the financial management of a construction project. It not only provides cost transparency, but also serves as a tool to avoid overspending and ensure the budget is strictly followed.

Through constant analysis of the table of values, project managers can make informed decisions about resource allocation, identifying areas where costs can be reduced or optimized, thus maintaining the financial health of the project.

Avoiding anticipations in value programming

To avoid future problems, it is crucial that contractors avoid anticipating the value schedule. Although it may seem advantageous to receive financial advances, bringing forward planned amounts can distort estimates, leading to complications during the project.

Challenges and change requests

During the execution of the project, it is common for unforeseen challenges to arise that require adjustments to the initial planning. These changes often result in the need for change orders, whether to correct errors, adapt to new conditions or respond to customer requests. If the value schedule has been advanced, it may be difficult to justify the additional costs associated with these changes.

Importance of advance preparation

Before preparing the table of values, contractors must carry out a detailed analysis of the costs involved in each aspect of the project. This includes not only materials and labor, but also overhead, taxes, fees and profit margin. Having a comprehensive understanding of these costs allows for a more accurate and reliable estimate, which will serve as a basis for value programming.

Benefits of transparency and legality

By creating a detailed and accurate table of values, contractors ensure transparency and clarity regarding project costs. Furthermore, by including this table in the construction contract, they protect themselves legally, as all information is documented and agreed upon between the parties involved.

Access to information for all interested parties

The table of values ​​is not only a tool for contractors, but also an essential source of information for architects and owners. It allows them to track project progress, assess whether the project is within budget and planned schedule, and make informed decisions to optimize final results.

Making the billing process easier

Value programming plays a fundamental role in the billing process, simplifying the sending of invoices at the end of each month or within established deadlines. By following the agreed price table, invoices accurately reflect the work carried out, thus minimizing any discrepancies or disputes in relation to the amounts charged. As a result, bills are expected to be paid within the agreed time frame, ensuring consistent cash flow for the contractor and avoiding interruptions to project progress due to lack of funds.

Ensuring financial continuity and meeting deadlines

Maintaining a healthy cash flow is essential to completing the project within the established deadline. Rate scheduling provides a clear structure for consistent billing, ensuring contractors have the resources they need to continue work without financial interruptions. To achieve this, it is crucial that billing dates are clearly defined in the initial contract, ensuring transparency and predictability for both parties involved.

Benefits for the Customer

In addition to benefiting contractors, the rate table also offers significant advantages to customers. By knowing in advance the amounts to be paid and the due dates of invoices, clients can plan their payments more effectively, avoiding unpleasant surprises and ensuring adequate financial management of the project.

Undeniable Importance of the Values ​​Schedule

The value schedule is an essential component of financial management in construction projects, being essential to guarantee the financial and operational success of the project. Although it may require significant initial effort to prepare, the benefits in terms of saving time and money throughout the project make this vital document a valuable investment for all parties involved.

Concluding

Value programming in construction plays a crucial role in the financial and operational management of projects. By providing a clear structure for invoicing, ensuring consistent cash flow, and promoting transparency among all parties involved, this essential document helps avoid disputes and keep project progress within established deadlines.

For both contractors and clients, the table of values ​​offers tangible benefits, providing a solid foundation for the success of the project. Therefore, investing time and resources in preparing and maintaining this schedule is essential to ensure the financial success and satisfactory completion of each construction project.