Bought your lot. Selected your builder. Rather than making call after call, there is a better way.

The purchaser of a buildable residential lot, contractors, subcontractors, investors, the lender, project stakeholders, the architect as well as your project manager… Each is individually able to remain updated as per the progress of build phases for new home construction through a Schedule of Values.

The Schedule of Values is applicable to to-be-invoiced home build performance metrics. And to phases scheduled, then subsequently completed, during each draw period for the new home build.

As each phase of the new home build has been completed – i.e.: as one draw period progresses to the next draw period – your build’s Schedule of Values is updated. An updating of your Schedule Of Values in subsequent draw periods is directly relatable to forthcoming draw requests. With each new draw request, line items in the Schedule of Values – evidencing the progression of the build, as can be measured within each draw period – are revised.

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Author: Ted Ihde

Ted is a real estate broker, a real estate developer as well as co-CEO of Team With Heart.