Soft Cost definition

Soft Cost coverage for design fees, attorney’s fees, revised government approvals, etc. shall also be included on a sublimited basis.
Sample 1
Soft Cost means those costs that are indirectly related to materials, labor or the physical building of the Grant Project.
Sample 1
Soft Cost means an architecture, design, permitting, insurance, project management, tax or other intangible cost of construction that is not a direct or "hard" cost of construction such as land acquisition, labor or materials.¶
Sample 1

Examples of Soft Cost in a sentence

  • Soft Cost An expense item that is not considered direct construction cost.

  • Coverage for Builder’s Risk Soft Cost is to be included in the policy.

  • All such Soft Cost adjustments and the Application, as amended to reflect such adjustments, must comply with this QAP in all other respects.

  • Has been a member of the Development Team for a prior Project Awarded Credits from 2018 or later years that exceeded the applicable maximum Soft Cost Ratio at Final Cost Certification.

  • If the Soft Cost Ratio for a Project exceeds the applicable maximum, MBOH will contact the Applicant regarding the excessive costs and allow the Applicant to specify how and by what amount its Soft Costs will be reduced to comply with the maximum.

  • For combined 4%/9% Projects, this limit will apply to the Soft Cost Ratio calculated based upon the combined costs for the 4% and 9% Projects.

  • If the Soft Cost Ratio for a Project exceeds the applicable maximum, MBOH will allow the Applicant to specify how and by what amount its Soft Costs will be reduced in writing within ten (10) business days.

  • First Housing recommends a Soft Cost Contingency in the amount of 5% of the General Development Costs less contingency.

  • Soft Cost Containment (maximum 5 points)DHCD seeks to incentivize the containment of variable soft costs to reasonable amounts.

  • If the Applicant fails to communicate its Soft Cost adjustments to MBOH staff within the required time, the Application will be returned unscored and fees will not be refunded.


More Definitions of Soft Cost

Soft Cost shall include the reasonable cost of construction interest and financing, engineering fees, architectural fees, surveying fees and permit and tap fees.
Sample 1
Soft Cost means any Capital Improvement Project Cost which is not a Hard Cost, including appraisal fees, fees payable pursuant to this Agreement and the Fee Letter, interest payable on the Loans, brokers’ commissions, fees of the Independent Consultants, insurance, bond premiums (if any), cost of surveys, Impositions, title examination and title insurance premiums, recording expenses and tax payments in connection with the Loan Documents and attorney fees.
Sample 1
Soft Cost means those costs identified as "Soft Costs" in the Budget attached hereto as EXHIBIT F. SUBSTANTIAL COMPLETION. Shall occur as set forth in Subparagraph 33.1.3 of the General Conditions on EXHIBIT B hereto. SUBSTANTIAL COMPLETION DATE. Shall mean twelve (12) months from the Effective Date, subject to possible extension as provided in Articles 17.3 and 30.1(d) of the General Conditions on EXHIBIT B hereto. -7- 8
Sample 1
Soft Cost means any Project Cost so designated in the Approved Budget.
Sample 1

Related to Soft Cost

  • Net cost means the Contractor’s actual cost after deducting all permitted cash and trade discounts, rebates, allowances, credits, sales taxes, commissions, and refunds (whether or not any or all of the same shall have been taken by the Contractor) of all parts and materials purchased by the Contractor solely for the use in performing its obligation hereunder provided, where such purchase has received the prior written approval of the Manager as required herein. The Contractor shall promptly furnish to the Manager such bills of sale and other instruments as the Manger may require, executed, acknowledged and delivered, assuring to the Manager title to such materials, supplies, equipment, parts, and tools free of encumbrances.

  • Project Cost means the price payable to Service Provider over the entire period of Agreement (i.e. Rs. <in words>) for the full and proper performance of its contractual obligations.

  • Equipment Cost means, for any Item of Equipment, the gross amount paid by the Company to the manufacturer thereof, including all applicable sales taxes, and delivery charges as invoiced by such manufacturer to the Company.

  • Direct Cost means a cost not to exceed the cost of labor, material, travel and other expenditures to the extent the costs are directly incurred to provide the relevant assistance or service. “Direct Cost” to the Acquirer for its use of any of a Respondent’s employees’ labor shall not exceed the average hourly wage rate for such employee;

  • Soft Costs means the costs of professional work and fees, interim costs, financing fees and expenses, syndication costs, soft costs and Developer’s fees as shown in the Applicant’s properly completed UniApp, Section C - Uses of Funds. Soft Costs do not include operating or replacement reserves.

  • Contract Cost means the Contract Sum plus Price Variation. This cost shall be included in the letter of acceptance.

  • Original Project Cost means the capital expenditure incurred by the Generating Company or the Transmission Licensee, as the case may be, within the original scope of the project up to the cut-off date as admitted by the Commission;

  • Target Cost as used in this contract, means the estimated cost of this contract as initially negotiated, adjusted in accordance with paragraph (d) of this clause.

  • Total Project Cost means the lowest of the following:

  • Development Cost means the total of all costs incurred in the completion of a Development excluding Developer Fee, operating deficit reserves, and total land cost as typically shown in the Development Cost line item on the development cost pro forma.

  • Patient cost means the cost of a medically necessary health care service that is incurred as a result

  • Standard Cost means any cost computed with the use of preestablished measures.

  • Replacement Cost means the cost to repair or rebuild the improvements owned by Lessor at the time of the occurrence to their condition existing immediately prior thereto, including demolition, debris removal and upgrading required by the operation of applicable building codes, ordinances or laws, and without deduction for depreciation.

  • The Contract Price/Project Cost means the price payable to the Vendor under the Contract for the full and proper performance of its contractual obligations.

  • Estimated Project Cost means Benchmark cost of MNRE which is Rs 8.00 Crore/MWp as per MNRE letter no. 03/20/2014-15/GCRT/11.12.14 at the time of Bid Due date.

  • Improvement Costs means any additional expenditure on a fixed asset that materially increases the capacity of the asset or materially improves its functioning or represents more than 10% of the initial depreciation base of the asset;

  • The Contract Price/ Project Cost means the price payable to the Vendor under the Contract for the full and proper performance of its contractual obligations.

  • Construction Cost means and includes the cost of the entire construction of the Project, including all supervision, materials, supplies, labor, tools, equipment, transportation and/or other facilities furnished, used or consumed, without deduction on account of penalties, liquidated damages or other amounts withheld from payment to the contractor or contractors, but such cost shall not include the Consulting Engineer/Architect's fee, or other payments to the Consulting Engineer/Architect and shall not include cost of land or Rights-of-Way and Easement acquisition.

  • Total Development Cost means the total of all costs incurred in the completion of a Development, all of which shall be subject to the review and approval by the Credit Underwriter and the Corporation pursuant to this rule chapter, and as further described in Rule 67-48.0075, F.A.C.

  • Trip Cost means the dollar amount of Trip payments or deposits paid by the Insured prior the Insured’s Trip Departure Date and shown on any required application which is subject to cancellation penalties or restrictions. Trip cost will also include the cost of any subsequent pre-paid payments or deposits paid by the Insured for the same Trip, after application for coverage under this plan provided the Insured amends the Application to add such subsequent payments or deposits and pays any required additional plan cost prior to the Insured’s Departure Date.

  • Life-cycle cost means the expected total cost of ownership during the life of a product, including disposal costs.

  • Public improvement costs means the costs of:

  • book cost means the total amount paid to purchase a security, including any transaction charges related to the purchase, adjusted for reinvested distributions, returns of capital and corporate reorganizations;

  • Base Cost means base cost as defined in paragraph 1 of the Eighth Schedule;

  • Estimated Cost , for the purposes of rule 22, means the estimated cost to maintain, repair or replace a major capital item;

  • Indirect cost means any cost not directly identified with a single final cost objective, but identified with two or more final cost objectives or with at least one intermediate cost objective.