The contractor must submit a complete breakdown of work and value within how many days from receipt of notice to proceed?

The contractor must submit a complete breakdown of work and value within how many days from receipt of notice to proceed?

• A. 30 days from notice to proceed.
• B. 15 days from receipt of notice to proceed.
• C. 10 days from notice to proceed.
• D. 60 days from notice to proceed.

Answer: (B)

After the notice to proceed is issued, the contractor must provide a complete breakdown of work and value, typically called a Schedule of Values, listing each work item with its quantities, unit prices, and the corresponding costs so the total contract price is clear. This document is the basis for progress payments, cost tracking, and changes, helping both sides see exactly how the project is priced as it unfolds. Fifteen days strikes a practical balance: it gives enough time to prepare an accurate, itemized plan without delaying the start of work or the payment process. If the window were much longer, cash flow and decision-making could slow; if it were much shorter, the breakdown might be rushed and less reliable.

After the notice to proceed is issued, the contractor must provide a complete breakdown of work and value, typically called a Schedule of Values, listing each work item with its quantities, unit prices, and the corresponding costs so the total contract price is clear. This document is the basis for progress payments, cost tracking, and changes, helping both sides see exactly how the project is priced as it unfolds. Fifteen days strikes a practical balance: it gives enough time to prepare an accurate, itemized plan without delaying the start of work or the payment process. If the window were much longer, cash flow and decision-making could slow; if it were much shorter, the breakdown might be rushed and less reliable.