The phrase "a draft based on" is correct and usable in written English.
It can be used when referring to a preliminary version of a document or work that is derived from a specific source or idea.
Example: "I have prepared a draft based on our previous discussions and the feedback you provided."
Alternatives: "a draft derived from" or "a draft influenced by".
No one knew better than Maeve that working writers tend to juggle several projects at once, yet whenever she rang to discuss a draft based on her work, she expected your pencil to be sharpened and her script to be by the phone.
The Franco-Russian Works hastily proposed a draft based on the British.
"He turned in a draft, but it was a draft based on earlier material based on my own screenplays," Spacey commented.
Recognising that negotiations were unlikely to finish on time, the CSW chair, Marjon V Kamara, proposed a new draft based on the negotiations to that point – a take it or leave it option.
It needs to be noted explicitly that the TOI as it is currently presented represents an initial draft, based on an initial understanding of the intervention, and is therefore subject to modification as we acquire additional information through the conduct of the study itself.
It should be noted that this list represents a rough draft, based on early figures, and that it is hardly comprehensive.
When the French Revolution unleashed this national power through rationalized central administration, meritocracy, and a national draft based on patriotism, it achieved unprecedented organization of force in the form of armies of millions of men.
"I wrote a first draft based on my letters and communication with Chelsea over the past two years and mailed it to her.
Naomi Richardson of Magenta Communications Ltd. assisted in the development of this paper by producing a first draft based on the approved study report and coordinating input and revisions from the authors.
In the second round we sent a new draft based on the respondents' feedback, with the same question.
JH and TN provided an initial draft based on the data analysed.
