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Standard Costcode Segments

Owned by Kyle Niekamp
Last updated: 06 21, 2022 by Claire Aleman

Overview:

Costcode Segments are categories within a costcode breakdown that can be tracked and reported on separately. The costcode breakdown is the entity that groups one or more costcode segments together, but it is the segment itself that can be used for cross segment reporting. 

Below is a brief example using a four digit costcode. The first digit is the phase segment, the last three digits represents the detail segment. All 4 digits combined is your costcode breakdown. The combination of these elements allows a user to run reports and view cost totals by individual phases, or by detail segment, or across all phases. 

  • First 1 digit represents the Phase segment
  • Last 3 digits represent the Detail segment


1000 - Site Preparation

1010 - Building Permits

1020 - Temp Utilities/Equipment

1030 - Insurance

1040 - Lot Clearing

2000 - Excavation and Foundation

2010 - Footings and Foundation

2020 - Rebar and Reinforcing Steel

2030 - Concrete Block


Benefits:

  • Provides additional data elements for reporting purposes
  • Provides the ability to group and subtotal your work breakdown structure

Roles:

  • Operations Lead

Location:

  • Project Management > Setup > Costcodes > Standard Costcode Segments

Video:

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