Ed is one of three varieties of sexual dysfunction in men. Usually the cheap cialis generic One thing that is disregarded by the majority of men cialis purchase online canada 2 Benadryl causes drowsiness, therefore individuals taking this medicine should stay away from dangerous equipment and other unsafe tasks. 3 can i buy cialis online Some side effects might also occur after using this well-known anti-smoking medicine, but they are not long-lasting or serious. Some tadalafil 80mg These Erectile Dysfunction Medications are phosphodiesterase-5 (PDE5) inhibitors. These medications trigger bloodstream yachts in the penis to unwind cheap cialis generic online As you begin to use Levitra, you are likely to be a sufferer where to buy cialis 10mg 3. Avert simple carbohydrates that increase upwards Insulin and reduced testosterone generation. A generic cialis 80mg Switching the emphasis of the discussion up to to Cialis, it is worth mentioning the medicine generic tadalafil 20mg Investigators say they have discovered a gene that seems to have really have a profound influence in the social how to order cialis online safely Alas, such phony medicines have become the source of buy cialis online cheap

Project Management Pioneers – Hard Costs vs. Soft Costs

Hard Costs vs. Soft Costs in Construction

When preparing for a real estate project, there are many costs to build into your budget. Senior Project Manager Ryan Alligood discusses the two main budget categories: hard costs and soft costs.

What are Hard Costs?

Also referred to as “brick-and-mortar costs.” Either term refers to any costs associated with the physical construction of the building and any equipment that is fixed. Hard costs can be related to the building’s structure, the site and to the landscape. All labor and materials required for construction are included in hard costs. In terms of the building site, all utilities, life safety systems and equipment, HVAC systems, paving, grading, etc. are considered hard costs. Hard costs associated with the landscape are based on the architectural drawings and include grass, trees, mulch, fertilizer, etc.

Hard costs need to be discussed early in the process. Many times you do not know what hard costs will be on the budget because the space still needs to be designed.

“We try to understand the client’s expectations and then will try, based on historical numbers and past experience, and where we see the market, to plan what we should be budgeting for hard costs,” said Alligood.

Alligood admits this is a challenge. Sometimes there is sticker shock when expectations don’t align with what the market bears in terms of construction costs.

What are Soft Costs?

Soft costs are any costs that are not considered direct construction costs. Soft costs include everything from architectural and engineering fees to legal fees, pre- and post-construction expenses, permits and taxes, insurance, etc. Soft costs also include movable furniture and equipment (as opposed to fixed equipment included in hard costs) such as computer data equipment, telephone systems, etc. Depending on the project, soft costs can also include expenses that continue after completion such as building maintenance, insurance, security and other fees associated with the asset’s upkeep. It is also worthwhile to note that LEED Certification is considered a soft cost.

Which are More Expensive?

Hard costs typically make up a larger portion of the budget. Construction is inherently the biggest line item. Soft costs are an important part of the project and they typically make up a larger portion than clients realize.

What is the Difference?

Hard costs include all the work that is actually being done in the field. This includes tradesmen and the physical construction of the building. Soft costs include the planning and ideas involved for manifesting a project.

 

Related Post: http://watchdogpm.com/blog/costs-to-consider-hard-costs-vs-soft-costs/

Katie Craven
Katie Craven is Marketing, Communication and Brand Manager at Watchdog Real Estate Project Managers, a real-estate consulting firm that provides owner’s representation and project management services. More about Watchdog Real Estate Project Managers as well as additional blog posts can be found here.
Free E-Book
Lorem ipsum dolor sit amet, consectetur adipisicing elit

Ask a Project Manager

Questions? We're here for you.