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Old 2014-03-28, 06:22 AM
cougla cougla is offline
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Default Infratructure

Builder wants a draw after the "infrastructure" is completed. does anyone know what that means precisely? What is included in that phrase?
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Old 2014-03-29, 10:50 PM
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A draw? Meaning they get money from a financial institution for meeting a milestone.
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Old 2014-03-30, 07:52 AM
cougla cougla is offline
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No, money from me for meeting a milestone. however that's not exactly what I wanted to know. I am more interested in what is considered "Infrastructure" ?
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Old 2014-03-30, 09:34 PM
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Then that would be defined in your construction contract as it can mean anything otherwise.

It might mean services and excavation, but again it would have to be defined in your contract. Your lawyer should be able to assist with this.
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