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.
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Bernadette Del Chiaro, executive director of the California Solar and Storage Association noted that if Tesla can come up with new ways to lower soft costs that can be a game changer.
Imad Elias, CEO of Roda Hotels, commented: "We are investing in the slow period, taking advantage of the competitive construction costs and soft costs.
SOFT COSTS, SITE IMPROVEMENTS, TENANT IMPROVEMENTS $257.4 BILLION, 48.7% HARD COSTS $270.8 BILLION, 51.3% Note: Table made from pie chart.
Concerns on the liquidity profile of the Company are anticipated to be alleviated by expected savings in financing and soft costs, net liquidated damages in relation to the engineering, procurement and construction (EPC) contract and the Power Purchase Agreement, as well as a standby line of credit to be procured by March 2016 to fund the Finance Service Reserve Account.
The machine readable database makes it possible for software developers to create applications that utilize the data to bring down the "soft costs" of solar installation.
A spokesperson for the banking firm said, 'Over the past 18 months we have developed a range of finance solutions that we believe are market-leading for telco and office equipment - for example the financing of software, soft costs, implementation and consultancy.
Proceeds of the loan will be used to pay a $400,000 seller mortgage, and for working capital, infrastructure costs and soft costs.
The project now has a total budget of $1,120,000 with $1 million in construction costs, and $120,000 in soft costs. The pool's fundraising committee has pledged to raise $250,000; at press time, the committee had raised about $63,000.
Beyond the hard costs like the loss of product, the downtime following a strike and the replacement costs of the facility, what about the soft costs? They notoriously pile up and are rarely considered.
Total project costs, including both hard and soft costs, are estimated at $25.9 million.
According to DOE, soft costs account for roughly half the installed cost of residential and commercial solar systems.
Often at issue are "soft costs," which include expenses such as research database fees and word processing and photocopying costs.