Soft Costs constitute a big portion of your construction costs. A construction project is possible due to the soft costs, that when added to the hard cost and land cost, you will have the total cost amount for your construction project. Soft costs are traditionally non-seen items that composed the initial part of developing a construction project.
1. Architectural and Design Fees
By Brock Builders
The architectural and design fee includes costs incurred on feasibility studies, master planning, design costs, and all other cost included from schematic to project completion.
2. Inspection Fees
Cost of inspections
, permits and fees paid to local government.
3. Land Costs
by Neil Ennis
Land costs associated with legal process, appraisal, real estate,land acquisition, assessments or improvementsto land related issues.
Some projects require to improve conditions in their neighborhood or to complete improvements to local infrastructure.
5. EquipmentsEquipments not being incorporated in the final project delivery.
7. Accounting Fees
8. Project Management
Staff required to handle all construction related documentation and drawings
10. TaxesMoney required by state and local agencies depending on the amount of money being invested in the construction.