What document outlines the information contained within the schedule of values and plans progress payments?

The document that outlines the information contained within the schedule of values and plans for progress payments is commonly referred to as a Payment Schedule. This document plays a crucial role in construction and contracting by providing a structured approach to how payments will be disbursed throughout the project based on completed work.

A Payment Schedule contains detailed information regarding the timing of payments, the amounts associated with various project milestones or phases, and is tied to the schedule of values, which is a comprehensive breakdown of the total scope of work into various line items. This allows stakeholders to easily track what portion of the contract price corresponds to completed work at any given time. By linking the payment amounts to the specific work completed, a Payment Schedule helps ensure that payments are made in an equitable manner, reflecting the actual progress on the project.

In contrast, the other options do not serve this specific function. A Cash Flow Projection focuses on the expected inflow and outflow of cash over a specified period, serving as a financial management tool rather than a payment outline for contractual obligations. The Value Assessment Report is typically used to evaluate the worth of completed work and is not primarily aimed at scheduling payments. A Progress Payment Guide may include helpful information on how to proceed with payments but does not constitute the formal document