Progress Claims and Drawdown Reports
At Tate & Sons, we provide expert Progress Claim and Drawdown Reporting services, ensuring that each claim submitted by a builder or contractor aligns with the actual construction progress and complies with the contract terms.
These reports are essential for lenders to approve staged funding and for developers or owner-builders to assess the validity of claims under their building contracts.
What is a Progress Claim or Drawdown Report?
Progress claims and drawdown reports are vital documents in any construction project involving staged payments. Builders and contractors typically submit payment claims at key project milestones.
At the same time, banks or lenders require an independent verification of work completed before releasing funds. Tate & Sons acts as the independent advisor, reviewing both the scope and the value of work completed to date.
Why Are Progress Claims and Drawdown Reports Important?
Independent assessment of progress claims protects both the lender and the client from overpayment or premature release of funds. Our role ensures financial accountability, mitigates risk of disputes, and provides transparency throughout the construction process.
What Does the Report Include?
We conduct detailed reviews and inspections to verify that each stage of construction is complete and aligns with contractual expectations.
This includes:
Completed Works On Site: Physical inspection of site progress, ensuring work claimed has been completed to specification and quality standards.
Valuation of Work Completed: Assessment of whether the claimed amount reflects fair market value for the completed work.
Compliance With Contract: Cross-checking claims against the terms of the building contract and any supporting documentation.
Retention, Variations, and Contingencies: Verifying the appropriate inclusion of retention amounts, approved variations, and allowances within the claim.
Photographic Evidence and Reporting: Detailed written reports including photographic documentation for bank or client review.
Recommendations for Payment: Independent certification recommending whether full, partial, or no payment should be made at this stage.
Who Needs This Service?
This service is critical for:
Banks and Lenders approving stage payments based on independent certification of progress
Developers and Owner-Builders seeking to ensure that works being paid for are actually complete
Project Managers or Investors monitoring multiple projects and needing clear independent oversight
How Tate & Sons Helps
Tate & Sons brings decades of experience in construction cost control and contract administration. We understand both the lender’s requirements and the contractual obligations between client and builder.
Our reports are tailored, professional, and often accepted directly by major Australian banks and financiers.
How to Get Started
Tate & Sons will assess your construction contract and progress claim, visit the site if required, and prepare an independent drawdown report or payment certification.
If the builder is part of our FINDABUILDA scheme, we also provide additional support in reviewing claims in line with the agreed contract.
Our report can be submitted to your lender for funding approval, and we will liaise with the bank to address any queries, ensuring a smooth process throughout the construction lifecycle.
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