When rehabbing a home, let’s say Plans and Specs are $3,000. Within your Schedule of Values (“S.O.V.”), that $3,000 for Plans and Specs will be categorized as a dollar amount - "Plans and Specs, $3,000.” The $3,000 for Plans and Specs will also be categorized within the S.O.V. as a percentage of the overall project. For example… Let’s say your rehab budget is $125,000, in total. Plans and Specs - at $3,000 - would represent 2.4% of the overall project. So, within the SOV, Plans and Specs will be represented as a dollar amount - $3,000 - and then listed once again as a percentage - 2.4%....