Commercial trade subcontractors (electrical, mechanical, plumbing, and specialty) who bill monthly against a schedule of values and prepare AIA-style pay applications.

Does DrawPrep submit pay applications for me?

No. DrawPrep is built for billing preparation. It assembles the G702/G703-style package and supporting files; you stay in control of submission to the general contractor.

How does it handle retainage?

Retainage is reviewed with each period's progress and carried forward with prior billing, so to-date totals and amounts held back stay consistent from one application to the next.

Can my team review before it goes out?

Yes. You can assign reviewers, manage who has access to each project, and follow revisions on a recorded approval timeline.

Portfolio

// Subcontractor progress billing

DrawPrep

Subcontractors do the work. Then they rebuild the same pay application every month.

DrawPrep keeps the schedule of values, this-period progress, retainage, and supporting files in one connected record, so electrical, mechanical, plumbing, and specialty contractors can prepare a clean billing package without starting over each period.

Visit DrawPrepOperating · Early

Monthly

Billing cycle

built around the pay application period

G702/G703

Package

style PDF assembled from one record

Your call

Submission

DrawPrep prepares; you submit

// The thesis

Why we own DrawPrep.

// Why now

Progress billing is where trade subcontractors get paid, and it still runs on spreadsheets, emailed PDFs, and the memory of one person in the back office. Every month the same project details get re-entered, GC requirements get missed, and packages bounce back. That costs real cash flow on every job.

// Market

Commercial trade subcontractors (electrical, mechanical, plumbing, and specialty) that bill monthly against a schedule of values on AIA-style G702/G703 applications. Their back offices are small, their GCs are demanding, and construction software is mostly built for the GC, not for them.

// Moat

Each project builds up a structured record of contract terms, schedule of values lines, prior billing, retainage, and approvals over time. That history makes every next application faster and more accurate, and it becomes harder to leave the longer a contractor works in it.

// The product

What it does.

Project setup with schedule of values import, contract details, and GC requirements stored next to the work.
This-period progress entry by line, with prior billing and to-date totals carried forward automatically.
Retainage review and supporting attachments gathered in one place before a package goes out.
G702/G703-style PDF package assembly from the same record, with no re-keying.
Reviewer assignment, project access controls, and a recorded approval timeline across revisions.

// What we've learned

Lessons from operating DrawPrep.

Build for the sub, not the GC.

Most construction billing tools serve the general contractor collecting applications. The subcontractor preparing them has a different job, and DrawPrep is built around it.

Preparation is the product.

Contractors want control over what gets submitted and when. Keeping DrawPrep focused on preparing a clean package, not submitting it for them, builds trust faster.

Carry the record forward.

Most of the pain is rebuilding last month's numbers. Once prior billing and retainage carry forward automatically, each application takes a fraction of the work.

// FAQ

DrawPrep, answered.

The questions buyers ask before they sign — pricing, implementation, security, and how human approvals work.

// More from the portfolio

See the rest of what we own.

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