Built for US general contractors handling residential and light commercial work. Manage progress draws, change orders, and 10% retainage without juggling three spreadsheets.
| Description | Qty | Rate | Amount |
|---|---|---|---|
| Draw #3 — framing complete | 1 | $48,500.00 | $48,500.00 |
| Change order #2 — added skylight | 1 | $3,200.00 | $3,200.00 |
| Retainage withheld (10%) | 1 | -$5,170.00 | -$5,170.00 |
Progress billing by draw, percentage, or milestone
Track change orders separately from the original contract
Auto-calculate retainage withholding (5%, 10%, custom)
Branded PDFs ready to submit to lenders for draw approval
Retainage is the percentage (typically 5–10%) a client withholds until final completion. Invoice the full draw amount, then add a negative retainage line so the customer sees both numbers clearly. Bill the retainage release on the final invoice.
Always issue a written change order signed before the work starts, then bill it on the next draw as a separate line item. Bundling change orders into base draws is the #1 cause of payment disputes.
Draw schedules tied to milestones (foundation, framing, drywall, final) protect cash flow without making homeowners nervous. Net-7 on each draw is standard.
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