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Requisition Turnaround Calculator
Req cycles drive contractor cash flow.
Total cycle days
20
GC carry cost
$7,671
Annualized GC carry
$92,055
How the math works
Total days = owner + lender + funding. GC carry = req × rate × days/365.
7 + 9 + 4 = 20 days. $1.4M × 10% × 20/365 = $7.7k per cycle. $92k/yr GC carry — built into bid pricing.
How to Use
- Enter monthly requisition amount.
- Enter submission date day.
- Enter owner review days.
- Enter lender review days.
- Enter funding days.
- Read total cycle and GC carry.
Frequently Asked Questions
Typical timeline?
Day 0: submission. Days 1-3: owner team review. Days 4-7: architect sign-off. Days 8-12: lender review. Days 13-18: title/lien waivers. Days 19-21: funding. Institutional projects: 20-30 days typical; fast-track projects: 12-18 days.
GC cash needs?
GC funds subcontractors before owner reimbursement. 30-45 day cycle = 45-60 days of AP float to carry. Large GC on $2M/mo project carries $3-4M AP continuously. Small GC can't. Drives sub-retention on credit-constrained contractors.
Acceleration?
Pre-approved electronic draw packages. Consolidated submissions (monthly vs. weekly). Same-day signature for owner rep. Clear expectation-setting with lender. Well-organized lien waiver tracking. Each day saved = real cash to GC and improved subcontractor relationships.
What does competitive benchmarking look like?
Pull 3-5 comparable properties or units in your submarket from CoStar, Yardi, CIM, or your local broker. Normalize by unit type, class, and age. Your outputs should fall within one standard deviation of the comp-set mean. Outliers are either opportunities or warning signs — dig into why. Monthly benchmarking keeps your portfolio on-market and pricing sharp.
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