032 - Hard Costs vs Soft Costs: Making Cents of Construction
Description
Understanding the difference between hard costs vs soft costs is essential, whether you're managing client budgets, leading projects, or preparing for the ARE.
In this episode of The Architect Exam Podcast, Emily breaks down these critical cost categories that form the financial backbone of every construction project.
Learn the fundamental differences between tangible hard costs (materials, labor, equipment) and intangible soft costs (design fees, permits, financing) that together create successful projects. We'll explore typical cost ratios, project type variations, and proven management strategies to keep your projects on budget.
✅ Want to learn more about hard costs vs soft costs? Check out our in-depth article for a complete analysis: https://academy2.youngarchitect.com/hard-costs-vs-soft-costs/
🔗 Links & Resources:
- 📝 In-Depth Article - Hard Costs vs Soft Costs Guide: https://academy2.youngarchitect.com/hard-costs-vs-soft-costs/
- 🎓 ARE 101 Course Membership - Master Construction Economics: https://academy2.youngarchitect.com/join/ncarb-are-101/
- 📚 Related: Construction Contingency Planning: https://academy2.youngarchitect.com/contingency
- 📊 Related: Construction Bonds Explained: https://academy2.youngarchitect.com/construction-bonds-explained
👍 If this helped clarify construction costs for you, please LIKE and SUBSCRIBE for more weekly Architect Registration Exam content!
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