Financial Management
What does my lender need to release the final construction payment?
Request the lender's final drawdown checklist before completion. It may require specified invoices, inspections, insurance or completion evidence. These loan conditions are separate from the building contract and legal requirements for occupation. A lender's release of funds does not confirm that every defect has been fixed or every statutory requirement met. Check any payment obligation or dispute separately rather than assuming the lender's decision resolves it.
Official sources:
General information only. Requirements vary by state or territory and change over time, so check the current rules for your location.