Schedule of Values Template: Organize. Bill. Repeat.

Tracking what you’ve done. Knowing what it costs. Making sure everyone gets paid.
It sounds simple, but it rarely is.

Between shifting deadlines, change orders, and endless invoices, keeping it all straight can feel impossible. Like trying to build IKEA furniture without the manual or the tiny Allen wrench.

That’s where a schedule of values template comes in. It keeps your billing organized and progress transparent. With it, your project owners are confident that everything’s on track.

Let’s take a closer look at the top schedule of values templates!

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What are Schedule of Values Templates?

Used primarily by general contractors, construction managers, and finance teams, it lays out the work performed, associated costs, and stored materials to calculate progress payment values.

SOVs are required in most construction schedules and help project stakeholders monitor project progress in a consistent and timely manner. Think of it as a financial blueprint that keeps every work component and dollar accounted for.

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Top Schedule of Values Templates at a Glance

Here’s a quick summary of the best schedule of values templates:

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What Makes a Good Schedule of Values Template?

A high-quality values template simplifies billing and supports financial control throughout the construction project. Here’s what a solid one includes:

• Detailed description of every line item
• Clear definition of project name, job number, and project number
• Accurate cost breakdown per phase
• Status updates on completed work, non-completed work, and material stored
• Fields for entering estimated costs, scheduled value, and percent complete
• Summaries of project costs, including material costs and profit margin
• Segmentation of work completed per the current phase
• Historical tracking of previous pay applications
• Formatting that ensures all teams stay on the same page

A good template helps avoid budget overruns, fulfills contractual obligations, and strengthens financial management.

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13 Schedule of Values Templates

1. ClickUp Construction Management Template

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The ClickUp Construction Management Template is an all-in-one solution designed for managing construction projects of any size. From project scope planning to financial aspects tracking, it supports project monitoring, assigns tasks by work task or line item, and integrates directly with project management software features, such as Gantt charts and timelines.

You can track project costs, manage stored materials, and even automate billing cycles using ClickUp’s built-in Automations. Custom Fields let you enter details such as project name, project number, and total scheduled value. You also receive high-level dashboards that display completed work, uncompleted work, and the current phase status.

🌻 Here’s why you’ll like this template 

• Track tasks, line items, and percent complete across List, Gantt, and Timeline
• Add Custom Fields for project name, project number, and scheduled value
• Automate status changes and reminders for pay apps and reviews

2. ClickUp Independent Contractor Invoice Template

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ClickUp Independent Contractor Invoice Template is perfect for subcontractors or freelancers operating in a larger construction schedule. This template allows users to detail each line item, tag the work performed, and include relevant project-specific information, such as the project name, job number, and associated contract value.

You can also calculate profit margin, factor in material costs, and categorize stored materials with a few clicks.  Whether you’re billing hourly or by milestone, this template keeps your invoicing workflow stress-free with insights into the cost breakdown structure.

🌻 Here’s why you’ll like this template 

• Itemize work performed by line item and milestone
• Auto-calculate totals, tax, and profit margin
• Export clean PDFs and log billing history

3. ClickUp Construction Budget Template

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Designed to help construction professionals stay on top of project finances, the ClickUp Construction Budget Template is your go-to for tracking both project costs and work completed. This template offers fields for scheduled value, line items, and total value per phase, ensuring all financial aspects of your construction project are captured clearly and concisely.

What makes this template especially powerful is its integration with ClickUp’s project management suite. As you track material costs, estimated costs, and stored materials, the template syncs automatically with your broader project tasks.

🌻 Here’s why you’ll like this template 

• Track scheduled value, estimated costs, stored materials, and actuals to keep budget health visible
• Sync cost fields to tasks and phases so project owners and managers read the same numbers
• View dashboards and Gantt to spot overruns early and adjust scope or timing with clarity

4. ClickUp Project Budget With WBS Template

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ClickUp Project Budget With WBS Template is a powerhouse template that brings structure and detail to your budgeting process with the WBS method—perfect for large-scale construction projects. Each work task is assigned to a parent category, making your values form both scalable and intuitive.

The template offers fields for scheduled value, total value, estimated costs, and percent complete to give project managers real-time insight into financial and operational performance. With ClickUp’s timeline, Gantt, and calendar views, you can track progress at the task, phase, and milestone levels.

🌻 Here’s why you’ll like this template

• Break down costs by work packages and phases
• Capture scheduled value, total value, and percent complete per node
• Switch List, Timeline, and Calendar views to plan reviews and pay periods

5. ClickUp Construction Project Management Template

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ClickUp Construction Project Management Template is built to give project managers a comprehensive view of their entire project. This template is your tactical HQ for managing every moving piece.

It combines high-level ClickUp Dashboards with detailed task views to ensure you’re never out of the loop.

Use it to break down your construction scope by line item, track scheduled value, and document completed work in real-time. This template supports material costs, stored materials, and multiple current phase views to better align with how your teams work. It also integrates with ClickUp Docs and ClickUp Chat for seamless collaboration across departments and stakeholders.

Visual tools like Gantt charts and Calendar view give you a macro-level look at the project schedule, while workload charts help balance teams and avoid burnout. 

🌻 Here’s why you’ll like this template 

• Centralize scope, cost fields, and timelines to keep tasks, budgets, and billing aligned
• Use workload and alerts to balance crews and catch pay-trigger milestones before they slip
• Attach docs, drawings, and approvals to tasks to keep field updates and office records mapped

6. ClickUp Construction Management Template (Alternate)

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If your team is frequently in the field, this alternate template brings flexibility and structure without complexity. The ClickUp Construction Management Template gives foremen and site supervisors everything they need to stay on top of project progress and work completed.

Log work performed daily, update material stored, and flag non-completed work in real time. Each task is linked to the broader project name and phase, with specific cost fields for scheduled value, estimated costs, and total value. 

🌻 Here’s why you’ll like this template 

• Log daily work, stored materials, and non-completed items
• Tag each entry with phase, line item, and scheduled value
• Add Task Checklists and photos for verification, so approvals move faster

7. ClickUp Contractor Agreement Template

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While this isn’t a typical schedule of values template, it plays a pivotal role in project management. The ClickUp Contractor Agreement Template helps clearly define contractual obligations and aligns all project collaborators on deliverables, billing expectations, and project scope from day one.

You can attach this template directly to your billing workflows and task views. You also have the feature to add notes, define payment triggers based on project milestones, and outline terms around material stored, work performed, and timelines.

🌻 Here’s why you’ll like this template

• Define deliverables, payment triggers, and scope in one doc
• Link clauses to tasks and phases so compliance and execution stay connected
• Record signatures, roles, and dates to make sure that audits and handoffs are straightforward

8. Template.net Schedule of Values Template

Need a simple yet functional option? This downloadable Excel schedule of values template from Template.net SOV Template covers all your basic needs. With rows structured around line items, you can input scheduled value, percent complete, and calculated work completed totals.

It’s best for smaller teams or one-off builds where a digital tool might feel like overkill. This free schedule of values template lets you record current billing period activity and update project costs manually for each task. 

🌻 Here’s why you’ll like this template 

• Enter the scheduled value, percent complete, and work completed totals
• Add columns for stored materials and prior applications
• Customize headers with project name and job number

9. Template.net General Contractor Schedule of Values

Created for general contractors managing multiple vendors and subcontractors, this Free General Contractor Schedule of Values makes tracking project progress and billing alignment easier. Each row provides space for line items, associated project costs, and details like scheduled value and work completed.

It’s great for communicating directly with project owners, allowing transparent updates per current phase and visibility into completed work. Columns for stored materials, labor, and notes about previous pay applications ensure every piece of work is accounted for.

🌻 Here’s why you’ll like this template

• Track subcontractor line items, costs, and notes to keep stakeholder updates transparent
• Segment by phase and labor/material so reviews focus on what changed
• Log previous pay applications to ensure that the current draws reference verified history

10. Template.net Builder Schedule of Values

The Builder Schedule of Values Template is your lightweight ally for organizing values by line item and tracking work.

This straightforward values template helps manage mid-sized builds and renovations. Track work involved splitting tasks into line items and documenting project costs across phases.

Though not integrated with any project management software, it’s ideal for manual submission. You can include data on completed work, material stored, and even manually track profit margin against the initial estimated costs.

🌻 Here’s why you’ll like this template

• List line items and phase totals to help builders map value against progress quickly
• Record completed work and stored materials so client meetings have clear numbers
• Duplicate tabs per phase and print clean copies to keep submissions painless

11. CrewCost Schedule of Values Excel Template

CrewCost SOV Template is an Excel-based schedule of values template designed with financial precision in mind. Tailor-made for cost tracking, the form includes built-in formulas that auto-calculate total value, percent complete, and remaining budget.

Document every line item, from plumbing to finish carpentry, and include running totals of work completed and material stored. The structure is ideal for monthly billing and aligns with standard practices for progress payment calculations.

🌻 Here’s why you’ll like this template

• Use built-in formulas for totals, percent complete, and remaining budget
• Keep running totals across line items and months to keep monthly billing consistent
• Add tabs for prior applications and milestones so reviews follow a clear trail

12. PDFfiller Schedule of Values Form

This web-based values form is perfect for teams that need to go digital without installing extra tools. The PDFfiller SOV Form can be filled online, signed electronically, and exported as a completed schedule of values.

Use it to document line items, tag the project name, add scheduled value, and track completed work and material stored. While it lacks dynamic tracking or reporting, its strength is its accessibility. 

🌻 Here’s why you’ll like this template 

• Fill, sign, and share the SOV online to enable teams to submit without extra software
• Capture line items, scheduled value, and stored materials so requirements are met
• Export a finalized copy for records to ensure compliance is easy to prove

13. TemplateLab Schedule of Values Template

The TemplateLab SOV Template is a downloadable Excel free schedule of values template designed for clarity and simplicity. It’s an easy way to track project costs, record work performed, and visualize your profit margin without diving into complex software.

Each row lets you define a line item, its scheduled value, and the percent complete. There’s room to record non-completed work, calculate the total value, and note stored materials for each current phase. You can also document the project name, job reference, and contract value at the top.

🌻 Here’s why you’ll like this template 

• Track line items with scheduled value and percent complete
• Note non-completed work and material stored
• Reuse and tailor the sheet per job to start new projects fast

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Building Success, One Template at a Time

According to McKinsey’s research, 98% of megaprojects experience cost overruns of more than 30%, and 77% are delayed by at least 40%. These challenges often arise due to a lack of structured financial oversight, ineffective cost tracking, and reliance on manual processes.

From ClickUp’s construction management templates to Excel-based solutions, there’s a template for every need, whether you’re overseeing large-scale projects or smaller subcontracted tasks. Each tool enhances project progress tracking, boosts transparency for project stakeholders, and ensures that financial control stays firmly in your hands.

Ready to take charge of your next construction project? Sign up with ClickUp and streamline your payment management, scheduled values, and scope of work for maximum success.

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