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Contractor glossary

Draw Schedule: Definition for Contractors

A payment plan that releases money at defined milestones — deposit, rough-in, substantial completion, final — rather than all at the end.

What is draw schedule?

Draw Schedule. A payment plan that releases money at defined milestones — deposit, rough-in, substantial completion, final — rather than all at the end.

Why it matters to your pricing

A draw schedule matched to your cash outlay keeps you from financing the client's job. Tie each draw to a visible milestone.

This is a general educational definition, not financial or legal advice. Confirm anything regulated with your accountant or state board.
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