Dec 2, 2021

7 min read

🏗️ Automating Drawdown Reports

Traditional drawdown reporting can slow down payments, create inconsistencies, and frustrate lenders. BankBuild’s automation platform transforms this process by verifying progress data instantly, producing secure, traceable reports in seconds.

Laura Sykes

CEO and Founder

Automating Drawdown Reports: Faster, Smarter, Verified

In construction finance, time is everything. The longer it takes to verify progress and issue drawdown reports, the longer it takes for contractors and developers to get paid. Manual spreadsheets and photo submissions often create bottlenecks, leaving both Quantity Surveyors and lenders chasing data.

That’s where BankBuild changes the game.

From manual inputs to verified data in seconds

BankBuild connects QS teams, lenders, and contractors on one shared platform. Instead of juggling PDFs and inboxes, users simply input or upload site data — progress figures, certification values, and project milestones — and receive a verified report instantly.

Each report is timestamped, traceable, and formatted for lender review, giving every stakeholder confidence that the numbers reflect reality.

Key advantages for QS teams and lenders

Instant verification: Generate drawdown reports automatically from live site data — no spreadsheets or rework required.

  • Smart progress tracking: Compare certified values against drawdown stages in real time, ensuring funds align with actual work completed.

  • Reduced admin load: Save hours per report by replacing manual templates with automated workflows.

  • Audit-ready documentation: Each report includes full verification trails, improving compliance and lender confidence.

A new standard for transparency

By automating drawdown verification, BankBuild doesn’t just save time — it builds trust. Every stakeholder sees the same data, reducing the risk of disputes and keeping cashflow moving.

Whether you manage one project or fifty, BankBuild helps your team deliver faster, smarter, and more compliant verification — built for the next generation of construction finance.

CEO and Founder

Founder and CEO of BankBuild, Laura brings experience from the property, tech, and finance sectors — including a successful startup exit with Sparesbox — to drive innovation in construction finance automation.

CEO and Founder

Founder and CEO of BankBuild, Laura brings experience from the property, tech, and finance sectors — including a successful startup exit with Sparesbox — to drive innovation in construction finance automation.

CEO and Founder

Founder and CEO of BankBuild, Laura brings experience from the property, tech, and finance sectors — including a successful startup exit with Sparesbox — to drive innovation in construction finance automation.