What has to be true before the last check is released?
Final payment is the terminal payment, including retainage release, made after substantial completion, punch closeout, lien waivers, and warranty requirements are satisfied.
Start free→Final payment is the last payment on a contract, and it usually includes the accumulated retainage. It is gated: the owner releases it only after substantial completion, the punch list is closed, lien waivers are delivered, and any warranty or bond requirements are met. It is the moment the held money finally comes loose.
Final payment is where the profit that was withheld all job long is collected, and it is the payment most easily stalled. A single open punch item, a missing waiver, or undocumented completion can hold the entire final draw, including retainage, for months.
Scaftra gates final payment on the closeout record: substantial completion, punch closeout with proof, and lien waivers all live on the project, so the final draw and retainage release are requested against evidence instead of assembled from memory.
Bring one project onto Scaftra. We'll set up your trades, your rooms, your proof chain, and your vendor portal, and connect it to the financial system you already run.