A draw request in the context of construction refers to a formal request made by a contractor or subcontractor to the project owner or lender for a payment that is due for work completed on a construction project. This process typically involves submitting a detailed breakdown of the work that has been completed, along with supporting documentation such as invoices, receipts, and progress reports. The draw request is an important part of the payment process in construction projects, as it helps ensure that contractors and subcontractors are paid in a timely manner for the work they have completed.The draw request is typically reviewed by the project owner or lender, who will verify that the work has been completed according to the terms of the contract before releasing the funds. This process helps protect the interests of all parties
What is Draw Request?
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