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.
For construction loans which are not fully funded at closing, the construction holdback represents the amount of the loan that is not disbursed at closing as a first draw or for lot purchase, but rather is âheld backâ for disbursement in periodic draws during the construction term of the loan.