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The lender is not checking for quality of workmanship. They are checking to see if enough of the building works are completed to make them comfortable enough to lend further funds on.

Builders typically get paid progress payments at various stages of the build. 1. Deposit 2. Slab down 3. Frame up 4. Lock up 5. Pre-paint 6. Final The above may not be exactly the same for all builders in all states but it will be similar as a process. If the building is being...