Payment & Tax
Progress-Draw Schedule
A milestone-based draw schedule tying each payment to work in place - with the 10% statutory holdback shown as a separate line so everyone knows what is retained and why.
Medium risk
Check your contract first. Consider a peer review before sending.
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When to use this
- •You are setting payment stages on a larger job
- •You want milestones tied to work in place
- •Showing the client what the holdback is and when it releases