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 project financier 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.
Experience and Knowledge
Experts in progress drawdown reports
At Section 94, progress drawdown reports are created on a daily basis for a wide variety of construction projects. We are registered with the Australian Institute of Quantity Surveyors, and as such are held to the highest standards of quality and integrity for all our reports. Progress drawdown reports are no exception.
The process of creating a drawdown report.
A drawdown report will typically be preceded by an inspection of the construction site. This inspection is used to check and ensure that milestones have been completed successfully. In addition, many further checks and balances can be required to ensure the project is fulfilling required legislation, quality, design, safety and insurance requirements.
A well-executed project that is profitable for all is the intended outcome of Section 94 drawdown reports. It’s very easy for a large construction project to veer off budget and design — the drawdown report helps ensure things stay on track.
Section 94 have over a decade of experience in completing accurate, comprehensive, and succinct drawdown reports. With one of our registered quantity surveyors, you can rest easy knowing you are in good hands and that all variables in your project are accounted for.
Progress claim reports
A detailed inspection of the construction site
An audit of the contractor’s claimed progress
A design compliance certificate completed by the designer/architect
Confirmation of current insurance certificates
Completion of a statutory declaration
Confirmation of other certifications, WH&S checks and permits as required