Draw Schedule

A draw schedule is a detailed plan outlining the timing and amounts of payments made during a construction project. It typically involves a series of "draws," which are payments made to contractors or builders based on the completion of specific stages of work. This approach helps ensure that payments align with project progress, minimizing risks for both the client and the contractor. By following a draw schedule, all parties maintain transparency about the financial flow and project timeline, allowing for more effective budgeting and oversight throughout the building process.