Attachment 1-B Example of Schedule of Values.xlsx

This is a Schedule of Values example document provided by the Michigan Department of Natural Resources for RFP 230000000367, which concerns the renovation of four Great Lakes patrol boats. The document outlines the work items and associated timeline for the project, spanning from January 2023 through April 2024. Key work activities include ordering of engines, major electronics, galley and head fixtures, wiring and plumbing materials, and miscellaneous building materials, along with demolition work on crew quarters and galley spaces, and replacement or upgrades to radar, electronics, electrical systems, and plumbing with holding tanks. The schedule provides a structured approach to phasing project costs across multiple months to manage cash flow and resource allocation.

The example Schedule of Values identifies three estimated cost line items: $200,000.00 for engine ordering, $150,000.00 for major electronics ordering, and $150,000.00 for galley and head fixtures ordering, totaling $500,000.00 in identified costs. This document serves as a template for bidders to follow when submitting their own detailed cost breakdowns and payment schedules aligned with project milestones and deliverables. The example demonstrates how contractors should structure their financial proposals to correspond with the sequential work phases outlined in the scope of work.