• Two draws per contractor allowed
  • 50% of the bid amount is disbursed 7-10 business days after closing
  • Remaining 50% of bid amount is disbursed upon job completion
  • Proof of permits is required
  • No holdbacks on draws
  • Requests for use of contingency funds are limited to unexpected cost overruns related to the original scope of work or health or safety related items only
  • Contingency funds paid on final draw only
  • Work must be completed within 6 months of closing