Regular progress drawdown reports are integral to the ongoing payment process of construction projects of all sizes.
Typically, the financiers of a construction project will periodically make funding available for the ongoing completion of a project. In order to justify the release of funds, a drawdown report is required. Drawdown reports inform the financier of the project that milestones have been met. This process can help identify budget savings, design variations, health and safety issues, and over-runs before they become an issue.