Free Construction Draw Request Template (Excel)
What's in the construction draw request template
The template is a single Draw Request sheet: one row per budget line, with the original budget amount, prior draws already received, and the amount you're requesting this time.
A retainage percentage column calculates how much the lender holds back on this draw, and cumulative drawn, percent drawn, and remaining balance columns track where the loan stands against the original budget line by line.
A summary block gives the lender-facing totals: total budget, this draw request, total retainage held, cumulative drawn, and remaining loan budget across the whole project.
Construction draw request vs AIA billing: what's different
A draw request is a borrower-to-lender document: you're a builder or developer asking your construction lender to release the next disbursement from an approved loan, tracked against a sources-and-uses budget.
That's a different document from AIA-style billing (G702/G703), which is a contractor-to-owner invoice for percentage-of-work-complete on a schedule of values. If you're billing a property owner for completed work rather than drawing against a construction loan, the AIA billing template is the right fit instead.
How retainage and cumulative draws calculate
Retainage held is this draw's amount multiplied by the retainage percentage — so a $50,000 draw at 10% retainage holds back $5,000. Cumulative drawn to date sums prior draws plus this draw for each budget line, and remaining balance is the original budget minus that cumulative total.
Percent drawn shows cumulative drawn as a share of the original budget line, which flags a line that's running ahead of the project's overall progress before it becomes a problem.
Who this draw request template is for
Builders, developers, and general contractors managing a construction loan need a way to track draws against budget without re-explaining the math to their lender every time — this template gives a repeatable format lenders can follow.
Your lender's own draw request form may still be required alongside this file — treat this as the working document you build your numbers in before transferring them to whatever form your lender specifically requires.
How to use it
- List your loan budget lines with the original budget amount for each.
- For each draw, enter prior draws already received and the amount you're requesting this time.
- Enter your retainage percentage — retainage held, cumulative drawn, and remaining balance calculate automatically.
- Check the summary block for the lender-ready totals before submitting your draw request.
Download the free Free Construction Draw Request Template (Excel)
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Construction Pack
Draws are only one piece of construction cash flow. The paid Construction Pack ($49) adds WH-347 certified payroll, a WIP report that ties billings to costs, and manpower planning across jobs.
See the full versionFrequently asked questions
Can I use this draw request template in Google Sheets?
Yes. Upload the downloaded file to Google Drive, then open it and choose File > Save as Google Sheets. The retainage and cumulative-draw formulas keep working.
Is this the same as an AIA billing template?
No. This tracks a builder's draws against a construction loan (borrower to lender). AIA billing (G702/G703) is a contractor's invoice to a property owner for percentage-complete work — use the AIA billing template for that instead.
Is this template really free?
Yes. You give an email address to download it, and then it's yours to use with no further cost.
Will my lender accept this exact file?
Use it to organize your numbers, but your lender may still require you to enter the figures into their own specific draw request form.
What if I need more construction document templates?
The paid Construction Pack ($49) bundles certified payroll, WIP reporting, bid comparison, and other job-cost templates alongside this draw workflow.