Perhaps you are right, but in comparison with other projects, the level of soft cap is less than average.
Many projects unjustifiably inflate the budget, I do not think it's worthwhile to focus on them.
All these companies need a lot of money and should be a lot of support, if softcap achieved is a good result, do not ignore the funds because this is needed.
The soft cap level is less than average, it certainly has been taken into account and will be able to help the team in the development.