Cost Codes and Cost Categories
from my point of view, the cost code is ultra significant in managing a construction business. Cost category being the element that sits above cost codes. Just for clear cost category could be, you know, framing and lumber, and the cost codes beneath that would be, you know, lumber for walls, lumber for roofs, labor for walls, etcetera. If if you're working with, I'll call them elementary level GCs builders who don't have tons of experience and aren't running a big business, they can get away with doing estimating however the hell they want. But the bigger you get, you've gotta have some very organized structure, not just that you can estimate, but so that then throughout the progress of your jobs, you can easily determine, am I running over what I estimated, under what I estimated? It's so that you can make intelligent decisions along the way to not entirely blow your budget. Until you guys have that cost category, cost code, or something very similar built in, it would be really hard for larger, more organized builders to fully engage with this.
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