Cost & contract · Glossary
Draw schedule
Also called: payment schedule, progress payments
A draw schedule is the documented sequence of payments a homeowner makes to a contractor across a renovation project, tied to milestone completion (demo done, rough-in inspected, drywall complete, etc.). A clean draw schedule never pays the full balance until punch-list items are signed off.
Example
A typical kitchen remodel draw schedule runs 10% deposit, 25% at demo, 25% at rough-in, 25% at install, 15% at completion.
Why this matters for renovation projects
Draw schedule shows up on permits, contracts, or estimates that Renology covers across LA, San Diego, San Francisco, Seattle, Portland, and Denver. Most homeowners encounter the term once a project is already mid-flight, when there is no time to learn its mechanics without slowing the contractor. Knowing what it means before signing the contract is the difference between a clean project and an avoidable surprise. For how Renology calibrates cost ranges against permit valuations and contractor invoices, see the methodology.