I am seeking to analyze the effects of a large-scale construction project. After inputing the first set of data, I realized that Implan calculates architectural, engineering and related industry effects and categorizes those as indirect effects. Does this mean I should not include those projected costs in the analysis? In other words, should I only include hard costs (labor and material) and allow for Implan to calculate architectural and engineering (generally referred to as soft costs) on its own? Please advise.
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