During construction, our drawdown reports give the lender an independent assessment of the work completed before further funds are released.
During construction, QS drawdown reports provide the lender with an independent assessment of the work completed before further construction funds are released. Each report compares the value of work in place with the amount being claimed.
Good cost monitoring throughout the project can help identify potential budget issues early and support smoother progress drawdowns and informed funding decisions. For the borrower, that means fewer delays between claim and payment.
We assess the work physically completed to date, including stage-based work such as foundations, framing, lock-up and fit-out.
We value the work completed and compare it with the amount claimed in the progress claim.
Approved variations are recognised, and unapproved or disputed items are flagged clearly.
We update the remaining cost so the lender can see whether the undrawn funds are still sufficient.
Each report states the amount we are able to certify, with notes explaining any difference from the claim.
The same format across every drawdown makes the project easy for the lender to track from start to finish.
Good to know
Tip: send your progress claim as soon as it is issued. The sooner we can inspect, the sooner your funds can be released.
Not sure what you have? Send what is available and we will confirm exactly what is needed.
This guide is general information only and does not replace advice on your specific project. Costs, building rules and lender or insurer requirements change and every project is different, so please speak to us about your own circumstances before acting.
It depends on the lender and the loan agreement. Most projects have a drawdown at each major stage or on a monthly cycle. We can work to whichever schedule your lender sets.
We will certify only what we can verify and explain why. Any difference is discussed in the report so it can be resolved between the builder and the borrower.
Yes. A site visit is how we confirm the work in place, so we attend before each drawdown certification.
A drawdown report is an independent assessment of the work completed on site, compared with the amount being claimed, so the lender can release the next stage of construction funds with confidence.
Keep variations priced, approved and documented, send progress claims promptly, and review the cost to complete regularly. Good cost monitoring helps identify budget issues early.
A plain-English walk-through of what happens between a builder's progress claim and the lender releasing the next payment.
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