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When should I pay for Drywall hanging?

J Williams
last month

My first floor (kitchen, hallway, bath, 2 family rooms) remodel has been going well so far. My draws are collected at reasonable milestones. The next is "substantial completion of drywall". A subcontractor will start to hang drywall on a Thursday and the contractor says that by Friday, it will be "hung and first coated". He is requesting payment at that time. Would you consider this "substantial completion"? If not, what measure should I use? Thanks!

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