Sextilis had 30 days, until Numa when it had 29 days, until Julius when it became 31 days long. Augustus Caesar clarified and completed the calendar reform of Julius Caesar. In the process, he also renamed this month after himself.
Freebase(0.00 / 0 votes)Rate this definition: Soft Costs. Soft Cost is a construction industry term but more specifically a contractor accounting term for an expense item that is not considered direct construction cost. Soft costs include architectural, engineering, financing, and legal fees, and other pre- and post-construction expenses.
DEFINITION of 'Construction Interest Expense'. Any interest that is paid during the construction phase of a building or other tangible property. The interest may be incurred directly as the result of a construction loan. Construction interest expense is treated differently than other types of business-related interest (see below).