Share your draw schedule?
lookintomyeyes83
7 years ago
last modified: 7 years ago
Is anyone here willing to share their draw schedule?
We are building a 2 story home with basement, out of ICF 'to the roof'.
My bank is cautioning me that the builder's draw schedule is quite front-loaded, which may cause problems if the 'cost to complete' doesn't match well with the draws. They did also state that "sometimes it's high, and people just go with it, because they want the home". I'm uncertain if it's due to the high cost of the icf materials and construction, or simply that they'd rather finance the build with their money, rather than mine.
This is what they are proposing:
The draw amounts above do not include the portion of the finish work my husband and I are doing, namely the kitchen, flooring, millwork (trim) and finish painting. Value wise, our work is ~12% of the total price, though admittedly assumes 'sweat equity', ie, not paying ourselves a wage. (I recognize this isn't 'true', but as ICF houses cost more to build, yet appraise the same as a regular stick home, this allows us to keep the build cost close to the appraised cost.)
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homechef59
7 years agolookintomyeyes83
7 years agoRelated Discussions
What's your feeding schedule for your roses?
Comments (26)Mine is a little similar to labrea's. I use Rose Tone (or similar) and kelp or fish emulsion. However, I also mix in synthetics like so: Wednesday Week 1 Organic granular fertilizer Saturday Week 2 Weak liquid fertilizer Wednesday Week 3 Fish emulsion Saturday Week 4 Weak liquid fertilizer Yep, that means I am fertilizing almost once per week, although I pass on the organic "Week 1" about half the time. However I feed very, very weakly. I also look at other factors like the weather. If it's scorching hot and 100 degrees in July then I cut way back. If I miss a week or two because of vacation then that's fine. However, in April, May, and September I am fairly religious about it because those spring and fall flushes are why I grow roses. For my climbers I usually dump something on them here and there when working in the yard, but I do try to give them a good half-strength liquid at least once per month. I should also mention that one reason I feel so often is that I grow a lot of plants (including roses) in containers. My roses that are planted in the garden get about 1/2 as much attention except in the spring when I am fertilizing the annuals all of the time and they are also beneficiaries....See MoreDraw schedules and out-of-pocket purchases
Comments (4)This is exactly how our contract is set up. It clearly states in our loan agreement that the draws are FIXED, they are set at 20% of the total cost of the house which included allowance items, whether or not those allowance items are paid for by us or the builder. We cleared this with our builder first since we knew we'd be buying some items ourselves, and he's collecting the money from the bank (because the bank is insisting on issuing the draws as shown on the draw schedule) and the builder is reimbursing us with a check for the allowance items we've paid for ourselves. So far it's worked out fine, but that's because we hold back the money to the builder (the bank issues a two-party check and we have to sign along with the builder) until he issues us a check for what he owes us. Unfortunately we're still paying interest on these items but it's the only way the bank would work with us. The builder was happy to just submit draws for what HE was into the build for and leave the allowance items with the bank, but the bank insists on following the draw schedule. Had we known that going in, we wouldn't have included the allowance items in the contract and would have found another way to pay for them, but hindsight......See MoreI'll share my recipe, if you'll share yours, November 13, 2010
Comments (6)This looks like a long recipe, but it's just a stir-fry, so lots of ingredients. I found this recipe last week, and it's in my to-try-soon binder. It looks good! Perfect Pad Thai (Chatelaine---a Canadian Magazine) 1/2 of a 454-g (l lb) pkg rice-stick noodles, about 1/4 in. wide 1 tbsp (15 mL) dark sesame oil 350-g pkg extra-firm tofu 1/2 cup (125 mL) bottled tamarind paste (see note at bottom) 2 limes or 1 lemon 1/3 cup (75 mL) coarsely chopped cilantro 1 tbsp (15 mL) hot chili-garlic sauce, or 1 tsp (5 mL) hot chili flakes and 3 garlic cloves, minced 2 tbsp (30 mL) brown sugar 3 tbsp (45 mL) fish sauce 2 skinless, boneless chicken breasts 1 tbsp (15 mL) vegetable oil 340-g pkg peeled raw shrimp, preferably medium 1 red pepper, thinly sliced 3 eggs, beaten 3 green onions, thickly sliced 1 handful of bean sprouts 1/2 cup (125 mL) peanuts, coarsely chopped (optional) Fill a large bowl with boiling water. Add noodles, separating as you add. Soak, stirring occasionally to separate noodles, just until tender to the bite, 15 to 22 min. Drain well, then toss with sesame oil. Soaking noodles instead of boiling them gives a tender texture that’s not mushy. To draw excess liquid from tofu, remove from package, wrap in a clean tea towel and place on a large plate. Cover with another plate and weigh down with a heavy can. Let stand 15 min. Cut into small cubes. Meanwhile, place tamarind paste in a medium bowl. Squeeze in 2 tbsp (30 mL) juice from limes, then add cilantro, chili-garlic sauce and sugar. Pour fish sauce into a medium bowl. Slice chicken into thin bite-sized strips. Add to fish sauce. Toss to coat. Heat vegetable oil in a very large non-stick skillet or wok over medium-high. When hot, add chicken and fish sauce. Stir-fry until cooked through, 5 min. Turn into a large bowl. (At each stage of cooking, add oil to pan if needed.) Add shrimp and pepper. Stir-fry until shrimp are pink, 3 min. Add to bowl with chicken. Stir-fry tofu until warm and lightly golden, 2 to 3 min. Turn into bowl with chicken and shrimp. Add eggs. Stir often, until eggs are scrambled and cooked but not dry, about 1 min. Add to cooked ingredients in bowl. Turn drained noodles into pan. Pour tamarind and lime-juice sauce overtop. Cook, stirring frequently to coat, until hot, 1 to 3 min. Turn ingredients in bowl over noodles. Sprinkle with green onions, then toss to mix. If pan is too full, turn noodles and sauce into a bowl and toss with tongs or a fork and spoon. Taste and add more fish sauce or chili-garlic sauce, if you like. Serve topped with bean sprouts and peanuts. Great with lime wedges. TAMARIND SUBSTITUTION Although ketchup is a common replacement for tamarind paste, we prefer this tasty mixture: 1/4 cup (50 mL) tomato paste, 2 tbsp (30 mL) rice vinegar or freshly squeezed lime or lemon juice, 2 tbsp (30 mL) Worcestershire, 2 garlic cloves, minced, 1 tbsp (15 mL) brown sugar and 1 tbsp (15 mL) water....See MoreI'll share my recipe, if you'll share yours, December 17, 2011
Comments (3)Orange Chocolate Crepes (Milk Calendar) Crepes: 1 cup (250 mL) all-purpose flour 1 tbsp (15 mL) granulated sugar 1/4 tsp (1 mL) salt 3 eggs 1 cup (250 mL) 10% half-and-half cream 1 tbsp (15 mL) butter, melted Butter for cooking Filling: 2 tbsp (30 mL) granulated sugar 4 seedless oranges, 1 zested 1/4 cup (50 mL) chopped dark chocolate In a large bowl, whisk together flour, sugar and salt. In a measuring cup or another bowl, whisk together eggs, Cream and melted butter until blended. Gradually whisk into flour mixture until very smooth. Add 1 tsp (5 mL) grated orange zest to batter. Cover and let stand for 30 min or refrigerate for up to 1 day. (Bring to room temperature before cooking.) The batter should be the texture of thin cream. Gradually whisk in up to 2 tbsp (30 mL) water to thin as necessary. Heat an 8-inch (20 ml) nonstick skillet or crepe pan over medium heat until a drop of batter sizzles when dropped in pan. Wipe out pan and brush lightly with butter. Pour in a scant 1/4 cup (50 mL) of the batter, swirling the pan while pouring to spread as thinly and evenly as possible. Cook for about 30 sec or until top is no longer shiny and bottom is just golden. Use a heatproof rubber spatula to loosen edges and flip crepe over. Cook second side for about 15 sec or just until golden spots start to form. Slide the cooked crepe out onto a parchment paper lined plate. Repeat with remaining crepe batter, heating and buttering pan between each as necessary. Filling: Using a small serrated knife, cut peel and white pith from oranges. Holding over a bowl to catch juices, break oranges into segments. In a large skillet over medium heat, combine sugar and orange segments and juice; cook, stirring gently, for 5 to 10 min or until warmed and juices are released. Place 1 crepe on each of 4 to 6 serving plates; spoon a heaping tablespoon of the oranges on one-quarter and sprinkle with chocolate. Fold crepe into quarters to enclose filling; repeat with another crepe and filling on each plate. Spoon remaining oranges on top and sprinkle with chocolate. Serve immediately. (There will be a few extra crepes.)...See More
whaas_5a
7 years agohomechef59
7 years agoCSKI 13
7 years ago
cpartist
7 years agoUser
7 years agoAndy
7 years ago
keywest230
7 years agolast modified: 7 years agoCSKI 13
7 years agoUser
7 years agolast modified: 7 years agolookintomyeyes83
7 years agoUser
7 years ago
Katrina Tate
7 years agoThis is an old draw schedule from a home we built years ago. The only real issue we had was the bank releasing funds for work that wasn't actually completed, meaning we would be required to pay interest on those funds. We had to switch contractors so it would have been even more money out of our pocket to finish the project. After we threatened to sue, the bank did recover those funds. We had a total of 13 draws.
CSKI 13
7 years ago
We have a 4-worksheet Excel file we use for Construction Loans. The first worksheet in the file is the estimate for each aspect (line item) of the build; the second, using the same item line numbers, identifies all of the subcontractors being used on the project, using the corresponding line item. The image at the top shows a proposed draw schedule, based on the build schedule using the bid estimates, and is the third worksheet in the workbook. The fourth and final worksheet in the Excel file tracks the amount billed for each line item according to the invoice (each draw period); formulas are built-into the spreadsheet to indicate/track the overall spend compared to the estimate. You'll notice in this example, for instance that there is a $300.00 charge against a zero dollar line item "(2) Home Plans/SWIPT PLANS/Site Plans." If memory serves, the county asked, as part of the permitting process, for a more detailed site plan b/c the lot backs-up onto a wildlife preserve and it cost $300 to get the plan prepared. This is a good example of what a contingency fund is used for. This builder is a small one doing only 4 houses a year. He uses his established lines of credit to order materials and they're delivered to him onsite, work is performed, invoiced and paid. If he is able to stay on schedule and pays his bills in less than 30 days, I imagine he's got his trade lines set up so that he gets a discount of some type, anything from 2.5-10% is pretty typical. No doubt some suppliers offer none at all, and I would speculate they are the last to be paid. I share this only as one example of how this can be approached. It is straightforward and tied to progress and costs of the build.
User
7 years ago
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