Question

soft cost in a hotel project is about 15% of the project cost
True
False

Answer 1

Answer:

true is your answer I hope it helps you

Answer 2

Soft cost in hotel

Explanation:

• Soft costs in an exceedingly new development project refers to all or any costs in a roundabout way associated with constructing the building.
• Some examples include planning and entitlement costs, project management, carrying costs, and pre-opening expenses.
• Soft costs are any of the expenses and charges associated with the services required to style and implement a project that aren't direct construction costs.
• These generally account for 8% to 15% of the full project cost.

Therefore the overall cost percentage of soft cost in in a hotel project is about 15% of the total cost of the project.

Therefore, the statement is true.