Home › Products › Construction Draw Schedule & Payment Milestone Template
Construction Draw Schedule & Payment Milestone Template
A professional draw schedule that ties payment installments to construction milestones — foundation pour, framing complete, rough-in, drywall, finish, and CO. Used by banks, builders, and homeowners.
7-draw schedule template (deposit through final payment)
Milestone description for each draw trigger
Percentage of contract tied to each milestone
Draw amount in dollars calculation
Required documentation to request each draw (inspection cert, lien waivers)
Draw request form (GC sends to owner/lender)
Lien waiver collection checklist per draw
Wire/check payment confirmation fields
Balance remaining after each draw
Bank construction loan compatibility notes
Who This Is For
GCs building new homes or doing major remodels with owner financing or bank construction loans. Payment timing is everything in construction cash flow — getting paid at the right milestone ensures you can pay your subs and suppliers without financing the project yourself. Lenders and title companies also require a formal draw schedule to release construction loan funds.
What Professionals Say
★★★★★
My lender required a draw schedule before approving the construction loan. This template is exactly the format they wanted. Saved me a lawyer's fee.
— Jason H., spec home builder
★★★★★
Tied my sub payments to draw milestones and stopped funding the job out of pocket. Cash flow went from a nightmare to manageable.
— Rachel C., home builder
★★★★★
Clean, professional, and homeowner-friendly. Presenting this at the preconstruction meeting instantly builds trust.
— William K., GC
Frequently Asked Questions
What is a typical construction draw schedule?
A common 5-7 draw structure: 10% deposit at contract signing, 25% at foundation/slab, 25% at framing and dried-in, 20% at rough-in complete and inspections passed, 15% at drywall and interior rough finish, 5% at substantial completion. The exact percentages vary by project size and lender requirements.
What documentation do I need to request a draw?
Typically: a signed draw request form, inspection certificate or GC certification that the phase is complete, conditional lien waivers from all subs and suppliers paid in that period, and photos of completed work.
What happens if the owner delays a draw payment?
Your contract should specify a payment timeline and a right to stop work or charge interest if payment is delayed beyond the grace period.