Construction · Defined
Draw request
A request to release project funds under a construction loan or other funding arrangement. The package typically combines a requested amount with documentation of eligible costs and progress.
Why it matters
A contractor payment application is one part of a draw package, not always the whole package. Owner costs, professional fees, contingencies, equity contributions, and lender conditions may need separate reconciliation. The financing documents determine release authority.
In practice
A project example
A draw may include a contractor application and architect invoices. The reviewer must distinguish the contract’s remaining balance from the total project funds remaining.
General educational guidance from KOW Building Consultants. Examples are illustrative, not project records. The applicable contract, standard, program, and jurisdiction control the requirements for a specific assignment.