What document outlines the costs associated with construction items and expected payments?

The Schedule of Values is the document that details the costs associated with various construction items and outlines the expected payments throughout the project. This document breaks down the total project cost into individual line items, making it easier for both contractors and clients to understand the financial structure of the project. It serves as a management tool to track progress and ensure that payments correspond to the completed work, helping parties manage finances effectively.

The other options, while related to the construction process, serve different purposes. A Stop Work Order is issued to halt construction due to various reasons, such as safety concerns or permit issues, but does not detail costs. The Notice of Award is a formal communication indicating that a contractor has been selected for a project but does not provide a breakdown of costs. Lastly, a Change Directive is used to authorize changes to the scope of work or costs, but it does not present an overview of all costs and payments associated with the entire construction project.