Broker Insightdevelopment financeQSdrawdown
The QS Drawdown Process: How Development Finance Actually Releases Funds
Development finance doesn't land in your account in one lump sum. Funds are released in tranches, certified by an independent Quantity Surveyor who inspects the works at each stage — protecting both lender and developer.
Typically 4–6 drawdowns occur across a development, each triggered by a QS site visit confirming the certified value of works completed. The QS fees (£400–£800 per visit) are borrower-funded and factored into the project budget. Because funds are released in arrears — after works are completed — developers must have sufficient working capital to fund each stage before certification. Understanding this cash flow cycle is essential before starting any ground-up or heavy refurbishment project.