Progress claim

A progress claim is a builder's request for payment for work completed to a given stage of a construction contract — typically slab, frame, lock-up and completion for a residential build — submitted to the developer and, on a financed project, verified by the lender's quantity surveyor before the corresponding drawdown is released. The claim should reflect work genuinely completed rather than work scheduled or in progress, and a QS report is what independently confirms that alignment before funds move. Retention is often withheld from progress claims, typically a small percentage of each claim held back until practical completion or the expiry of a defects liability period, protecting the developer against incomplete or defective work discovered later. Disputed progress claims, where a builder and developer disagree on the proportion of work completed, are a common friction point in construction finance and one reason lenders insist on independent QS verification rather than accepting the builder's figure directly.

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Construction finance · QS report · Retention