Draw Schedule
Draw schedule definition. Learn how to structure payments based on project milestones for healthy cash flow.
Calculation Formula
Draw Amount = (Milestone % Complete × Total Contract) - Retainage Real Contractor Example
A $200,000 addition has a draw scheduled for the completion of the foundation (15% of project).
Put This Into Practice
Knowing the definition is step one. RemodelFin tracks this in real time on every job — no spreadsheets.