Soft costs


Also found in: Financial.

Soft costs

Development expenses other than those devoted to land and actual construction, such as interest on borrowed funds, architectural and other fees, marketing costs, and incidental expenses.
References in periodicals archive ?
Upon selection, fellows will attend a week-long training, orientation, and networking event, followed by their deployment to communities, where each will perform a baseline assessment of the policies and processes affecting soft costs locally and devise actionable plans for qualifying the community for designation.
Soft costs generally include architectural, engineering, legal fees, financing fees and other costs not directly associated with construction of the project.
9 billion was spent on soft costs, site development and tenant improvements; another $265.
There are a number of hard and soft costs that can be factored into a poor hiring decision.
Nothing is worse than making a big investment in a stationary machine-pouring a foundation and bringing in the electricity--and finding out a year later that you have to get a larger machine and re-do all of the soft costs to accommodate the bigger machine," Ely says.
When adding or replacing a piece of equipment that is really needed these hard and soft costs are a necessary investment.
Quantify what your organization would save in terms of soft costs and benefits, such as increased productivity, unified messaging and off-net productivity.
The second, soft costs, are less tangible and are often hidden.
Simplify the benefits/opportunity cost analysis problem by calculating the minimum performance improvements needed to recover hard and soft costs.
The study said that means hard and soft costs to employers in the form of productivity losses, increased error rates, dissatisfaction with the job, absenteeism and potential health insurance and disability issues.
Soft costs like legal and architectural fees, environmental studies, appraisals, and interest and fees on the construction and/or interim bank loan can also be rolled into the loan.
Total cost of o project or expense (TCO that covers both hard and soft costs to a given department or team).