The Hard Truth About Soft Costs for Co-op and Condo Boards (NY)

/ Owner - April 7, 2022

Many co-op and condo boards tackling capital projects are finding themselves caught in a perfect storm: as city regulations have become more stringent, the demand for scaffolding and sidewalk sheds has risen, while the cost of that protective equipment has also risen thanks to high insurance costs, inflation and simple laws of supply and demand. The result: in a small but growing number of cases, the cost of protective sheds and scaffolding — the so-called soft costs — are surpassing the cost of the work itself.Read the entire article……………………………….

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