Fund with the evidence in front of you.
Ask what's holding a draw. Every gap is named, none assumed.
You: What is holding Draw 8?
BuildProof: One thing: the electrical sub's lien waiver is not signed yet. Every other check is clear.
Draw #8 · Harbor Point, 1 hold: Lien waivers 1 missing; Insurance Current; G702 signed Yes
You: Is it safe to fund?
BuildProof: Not yet: one hold is open. With the waiver in, the checks you set would all clear. Funding is your call.
Funding checks · Draw #8, 7 of 8 clear: Holding Lien waiver; Funded ahead of evidenced work $0.00
You: How much retainage is held?
BuildProof: $1,240,500.00 is held through Draw #8, which is 10% of the work billed.
Retainage · Harbor Point, Through Draw #8: Work billed to date $12,405,000.00; Retainage held (10%) $1,240,500.00
Example. Names and amounts are made up.
Answers come from the requisition and its backup. The funding decision stays yours.
Ask the draw, not the binder
What is holding a draw, retainage held, loan balance: each answered from the record.
Gaps are named, never assumed
A missing waiver or an unreadable record shows as a hold, never as a pass.
Your rules, your call
Set your own funding checks. BuildProof flags what is open; your team decides and funds.
Common questions
What to know before your first project.