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SOV (Schedule of Values) is essential for defining payment schedules in contracts. Work items associated with the contract should have an SOV defined. SOV can be configured in four forms, and each work item can have only one SOV type:

1. Percent Complete (Default):

   1. Calculate payouts based on percentage work completion

   2. Key columns:

      1. % Work Completion: Enter the percentage of work completed (1-100%)

      2. % Payout: Specify the percentage payout (1-100%)

      3. Payout Amount: Auto-calculated payout amount

      4. Balance Amount: Auto-calculated balance amount

   3. Validations:

      1. Verify the entered values fall within the range

      2. Ensure the sum of % Payout equals 100%

   4. Edit/Delete: Deleting a row alters the setup. Confirm before proceeding

2. Unit of Measure:

   1. Calculate payouts based on unit quantity

   2. Key columns:

      1. Unit Quantity: Enter unit quantity

      2. Payout Amount: Auto-calculated payout amount (user can override)

      3. Balance Amount: Auto-calculated balance amount

   3. Validations:

      1. Ensure unit quantity does not exceed the total unit quantity for the work item

      2. Avoid duplicate unit quantity entries

      3. The sum of unit quantities should equal the total unit quantity

   4. Edit/Delete: Deletion prompts users to reconfigure the SOV if criteria aren't met

3. Dollar Amount:

   1. Calculate payouts based on defined work stage completion and payout amount

   2. Key columns:

      1. Work Stage: Name the stage when the amount should be paid

      2. Payout Amount: Enter the payout amount

      3. Balance Amount: Auto-calculated balance amount

   3. Validations: Ensure the sum of payout amounts does not exceed the bid value

   4. Edit/Delete: Deleting or editing requires reconfiguration to meet criteria.

4. Through Date:

   1. Define the payout frequency (e.g., weekly, monthly)

   2. Configurable options include 'Sunday to Saturday' for weekly or specific days for monthly. 'Ends On' defaults to contract end date

   3. For monthly, select 'Day' or 'Date' to choose when invoices are triggered

Changing SOV Type:

1. The SOV type can be changed, but it will clear all defined values

2. A warning message appears for user confirmation and if ‘Yes’ is selected, the SOV type is changed; 'No' cancels the action

Note: A green tick indicates completed SOV setup; yellow warning icon signifies incomplete setup. Ensure SOV types and values align with the contract's requirements.