What document divides the work into specific activities and assigns dollar values to each?

The document that divides the work into specific activities and assigns dollar values to each is the Schedule of Values. This critical component of construction management outlines each task, providing a clear breakdown of costs associated with each activity within the overall project. By detailing these values, it allows for better financial tracking, progress payments, and provides clarity for all parties involved regarding what has been completed and what still needs to be done.

In construction projects, the Schedule of Values serves as an essential tool for managing cash flow and ensuring that payments are made in line with work progression. It breaks down the total contract amount into smaller, manageable parts, which can be referenced during billing and payment processes. This ensures that contractors receive compensation for completed work and helps project managers keep track of expenses.

While other documents like the Contract Agreement define the overall terms and conditions of the project, the Bid Proposal outlines the bid from the contractor that includes their price but may not go into such specific detail about work activities. Meanwhile, a Construction Plan generally focuses on the planning and execution aspects of the project rather than budgeting and financial allocation. Therefore, the Schedule of Values stands out as the specific document that provides a detailed financial breakdown aligned with project activities.