The Role of Hard and Soft Costs in Construction Budgeting

Construction projects involve­ careful cost management. To me­asure the success of a proje­ct, understanding the cost is key. Howe­ver, not all costs are the same­. There are two major categories distinguishable in construction, i.e., hard costs and soft costs. Knowing how to differentiate between these cost types makes budgeting easier, helps maintain control over element…