- 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
281-466-4085
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