Managing Draws

The Draw Process in Honest Project

In the Honest Project system, invoices are entered, linked to budget items and then included in a draw. Once subcontractors and vendors are paid (and lien waivers are collected), the draw can be submitted. Once submitted, a draw request notification is sent to the Owner who then has an opportunity to verify that the work described on the invoices has been completed. Once approved by the Owner, the draw is sent to the Lender who has an opportunity to assign an Inspector to verify the work to the Lender’s satisfaction. This tutorial covers the creation and submission of the draw request.

Creating a Draw

Note: Although you can create a draw at any time, you should have the invoices you wish to include already in the system.

Step 1: Click “Draws” Link

Click the “Draws” link from the navigation menu on the left to see the project draws page.

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Step 2: Verify Invoices.

Verify the invoices you wish to include appear in the Unassigned Project Invoices table. If they are not yet in the system, you must add invoices.

You can create a draw first, and assign invoices later, but the invoices serve as the basis for approval by both the Owner and Lender.

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Step 3: Create Draw

Click the “Create” button. You should see the Funding Sources list.

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Step 4: Select Funding Source

Next, select the funding source for the draw, and click “Create”.

The draw is created, and appears in the Draw Summary table with a status of “Open”.

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Step 5: Assign Invoices

While open, you may assign invoices to the draw. To do so, select the Draw from the Draw Summary table, and then select invoices from the Unassigned Project Invoices table, and click: “Assign Invoices”.

Tip: You can multi-select invoices by pressing the CTRL key while clicking rows.

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Complete

At this point, you have created a draw, and may continue to add invoices until ready to submit the draw to request funds. See the tutorial: Submit Draw for further details.