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If it's just a progress payment schedule, are you certifying the total value of the project or just the rate of cashflow for a project? Wouldn't there just be an approved loan amount which is equal to something like project value + 5-10% (to account for unseen varies), and if that's exceeded...

NAB, I believe

Ok, I'll advise him that builder can submit it. I thought it strange that they wouldn't accept one from the builder... seeing as how it's his quote they're relying on. But then I just thought maybe they'd want a second opinion. I'll tell him to get his builder to provide one and away we go...

Sorry, got my words mixed up, yes a progress payment schedule. I'm not sure why they're asking for it, mate just came up and asked me the question and I thought I'd put it to the brains trust. I'm fairly certain he told me it was the bank seeking the progress payment schedule, but maybe he...

G'day All, I've got a friend who's putting an application in for a duplex and as part of the Bank's assessment they'd like to see a Claim Schedule as documented by an Architect or Quantity Surveyor. If anyone has used a Quantity Surveyor to put this Claim Schedule together, do they need to...