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Draw schedule template
Payment milestones tied to completed work rather than to dates on a calendar.
When to use it
Payments tied to the calendar pay for time. Payments tied to milestones pay for work.
Bring it to the contract conversation rather than the bid conversation — it is a negotiation document, not a screening one.
What’s inside
- A milestone schedule with typical draw percentages by stage
- A sign-off column for what has to be visibly complete before each payment
- A retainage line for the final payment
- A change-order log so extras do not get settled from memory
When the bids come back, they still won’t match.
A shared scope narrows the gap. It doesn’t close it — contractors still price in their own order and leave their own things out.