Project managers are often tasked with ensuring their construction projects stay within budget. To do this, they rely on construction cost codes to help them track and monitor expenses.
This article will provide a guide to standard construction cost codes for project managers. It will outline the purpose of construction cost codes and the benefits of using them. Additionally, it will provide a comprehensive list of common construction cost codes.
The Purpose of Construction Cost Codes
Construction cost codes are used to categorize and track construction expenses. This helps project managers keep tabs on where money is being spent and identify areas where costs can be cut. Construction cost codes also help managers compare bids from different contractors and make informed decisions about which one to hire.
The Benefits Of Using Construction Cost Codes
There are multiple benefits to using construction cost codes, including:
Standardization
Construction cost codes provide a standard way of tracking construction expenses. This makes it easier for project managers to compare bids and track spending.
Profitability
By using construction cost codes, project managers can ensure that their construction projects are profitable. This is because they can track all construction expenses and identify areas where costs can be cut.
Cost Control
Construction cost codes help project managers keep construction costs under control. This is because they can track where money is being spent and identify areas where costs can be reduced.
A Comprehensive List of Codes
Now that you know the purpose of construction cost codes and the benefits of using them, here is a comprehensive list of standard construction cost codes for each project manager in your company.
- 000 General conditions
- 100 Site work
- 200 Excavation and grading
- 300 Concrete work
- 400 Masonry work
- 500 Metals
- 600 Wood, plastics, and composites
- 700 Thermal and moisture protection
- 800 Doors and windows
- 900 Finishes
- 1000 Specialties
- 1100 Equipment
- 1200 Furnishings
- 1300 Special construction
- 1400 Conveying systems
Construction cost codes are an essential tool for project managers. Using them, they can keep construction projects on budget and under control. This article has provided a comprehensive guide to construction cost codes for project managers.
It is important to note that this is not an exhaustive list of all construction cost codes. For more information, please consult your company’s construction cost code manual.