Construction Schedule of Values (SOV) Excel Template | Payment Application & Progress Billing Tracker

Construction Schedule of Values (SOV) Excel Template

Simplify your construction payment process with this professional Schedule of Values (SOV) Excel Template—a practical tool designed to help contractors, builders, project managers, and estimators organize project costs, monitor work completed, and prepare payment applications with confidence.

Whether you're managing residential, commercial, or renovation projects, this template provides a structured way to track scheduled values, progress payments, retainage, change orders, and remaining balances—all in one easy-to-use Excel workbook.

Designed with a clean layout and automated calculations, this template helps reduce manual work while improving project organization and financial tracking.

What's Included

✔ Construction Schedule of Values (SOV) Worksheet

✔ Contractor Payment Application Sheet

✔ Continuation Sheet

✔ Automatic Calculations

✔ Progress Tracking

✔ Retainage Calculations

✔ Change Order Summary

✔ Start Here Guide

✔ How to Use Guide

✔ Fully Editable Excel Workbook (.xlsx)

Features

✔ Automatic formulas

✔ Professional construction layout

✔ Track project progress

✔ Monitor payment applications

✔ Calculate retainage automatically

✔ Track completed work percentages

✔ Organize construction cost categories

✔ Print-ready pages

✔ Clean and easy-to-use design

✔ Compatible with Microsoft Excel

Perfect For

• General Contractors
• Construction Companies
• Project Managers
• Estimators
• Quantity Surveyors
• Owner-Builders
• Commercial Construction
• Residential Construction
• Remodeling Projects
• Renovation Projects

Why You'll Love It

• Save time preparing payment applications.
• Keep project costs organized.
• Reduce manual calculations.
• Present professional payment documentation.
• Track project completion at a glance.
• Fully customizable for your workflow.

File Format

Microsoft Excel (.xlsx)

Compatible with:

• Microsoft Excel 2016+
• Microsoft Excel 365
• Windows
• Mac

Microsoft Excel is recommended for the best experience.

Important Information

• This is a digital download.
• No physical product will be shipped.
• Colors may vary slightly depending on your display.
• This template is fully editable and intended as a project management and budgeting tool.
• Buyers are responsible for verifying project information before using the template for official business purposes.