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Get Monticello Group Sample Draw Schedule/job Cost Breakdown

Final lien releases for all subs CO or Use and Occupancy certificate. This is a sample draw schedule to be used as a guide. SAMPLE DRAW SCHEDULE ESTIMATED COMPLETION DATE DRAW CONSTRUCTION BREAKDOWN Slab and Foundation Septic and Site work complete Framing complete. First floor walls and sub flooring in place with exterior walls sheathed* Roof and Mechanicals second floor sub flooring and walls Plumbing heating and wiring are roughed in exterior doors and windows are hung and glazed and bathroom tubs set. Roof framed and miscellaneous items like garages and pools poured* Inspected by City/County. Stickers affixed* Exterior and Interior Finishes Insulation drywall hardwood installed siding and exterior trim installed* Building closed from weather. Cabinets and countertops installed plumbing and electric trim out interior trim complete. Appliances installed* Interior paint complete deck complete. Sewer and water connections completed* Interior and exterior painting complete. Hardwood flo....

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Rather than receiving a lump sum check, construction loans pay out the loan amount over the course of the project. The installments are called draws, as the lender draws funds from the account.

What Should a Schedule of Values Include? Project name and number. Name of the prime or general contractor. Application number and date. Work item numbers. Description of work items. Total value of each item. Percentage of work completed. Value of work completed for past and current periods.

For example, a project might have a draw schedule with five payments, and each time the builder finishes an additional 20% of the project, they get 20% of the total payment amount. As they reach each project milestone, the contractor will submit a draw request that will outline: The amount they're requesting.

6 Steps to Creating the Perfect Draw Schedule Step 1: Have a solid, detailed project budget. ... Step 2: Divide your budget into milestones. ... Step 3: Simplify your draw schedule. ... Step 4: Decide how many draws you need. ... Step 5: Make the draw amounts as uniform as possible.

When the contractor is ready to receive funds for completed work, they submit a pay application or request a “draw” from the escrow company. Upon approval of each building phase, the contractor can request a draw of funds to pay off building costs such as: Contractor bids. Excavation costs; and. Permit fees.

What “draws” means? At closing we will disburse funds from your loan to pay for the land and closing costs. The remaining loan funds will be “available to draw” from your loan. You will request those funds in the form of a “draw” as they are needed throughout the project, for construction ONLY.

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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Content Takedown Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232