Common use of Soft Costs Clause in Contracts

Soft Costs. The Builder’s Risk Insurance shall provide compensation for expenditures that are necessarily incurred due to a delay in the completion of the Project caused by or resulting from an insured loss.

Soft Costs. The Builder’s Risk Insurance shall provide compensation for expenditures that are necessarily incurred due to a delay in the completion of the Project caused by or resulting from an insured loss. “Soft costs” endorsement shall cover all damages identified both in the Contract and the Performance Bond.