Construction Glossary
Cost Code
Codes based on labor activity often used to budget and track expenses. Some examples include install, framing, site
What Is Cost Code?
A Cost Code is a unique identifier used in construction accounting to categorize and track specific expenses related to different aspects of a project. Cost codes help in organizing and managing financial data by linking costs to particular activities, materials, or labor categories, facilitating accurate budgeting, forecasting, and financial reporting.
Example
Number used to categorize construction expenses.