What are construction cost codes?
Construction cost codes are the defined list of codes that are used for tracking, managing, reporting on the amounts, quantities, budgets, profit and other account information associated with the job.
What is a cost code?
Cost codes are a group of individual costs based on their nature or function. Cost Codes usually consist of numeric characters with an account title. For example, costs related to framing and drywall are classified under Framing Expenses with a cost code of 0001.
What are the CSI codes?
Divisions Division 01 — General Requirement. Division 02 — Site Construction. Division 03 — Concrete. Division 04 — Masonry. Division 05 — Metals. Division 06 — Wood and Plastics. Division 07 — Thermal and Moisture Protection. Division 08 — Doors and Windows.
What is CSI Master Format?
MasterFormat is a standard for organizing specifications and other written information for commercial and institutional building projects in the U.S. and Canada. MasterFormat is used throughout the construction industry to format specifications for construction contract documents.
What are the 4 types of construction?
The four major types of construction include residential building, institutional and commercial building , specialized industrial construction, infrastructure and heavy construction. Residential Building. Institutional and Commercial Building . Specialized Industrial Construction. Infrastructure and Heavy Construction.
What are the different types of costing?
Types of Costs Fixed Costs (FC) The costs which don’t vary with changing output. Variable Costs (VC) Costs which depend on the output produced. Semi-Variable Cost . Total Costs (TC) = Fixed + Variable Costs. Marginal Costs – Marginal cost is the cost of producing an extra unit.
What are the 4 types of cost?
Following this summary of the different types of costs are some examples of how costs are used in different business applications. Fixed and Variable Costs . Direct and Indirect Costs . Product and Period Costs . Other Types of Costs . Controllable and Uncontrollable Costs — Out-of-pocket and Sunk Costs —
How you will classify the cost?
1] Classification by Nature So basically there are three broad categories as per this classification , namely Labor Cost , Materials Cost and Expenses . These heads make it easier to classify the costs in a cost sheet. They help ascertain the total cost and determine the cost of the work-in-progress.
What is a cost Centre code?
Cost centre codes are used to record expenditure against core departmental budget. Core budget is allocated by the University itself and can include permitted use of reserves. uBASE cost centre codes are six digit numeric codes (eg 345678) which are linked, within uBASE, to the host departmental ‘Profit Centre ‘ code .
What is CSI division10?
Division 10 – Specialties Manufacturers Material and product manufacturers relating to Specialties are organized by the product or the material into CSI sections.
What is a 3 part CSI specification?
CSI’s 3 – Part SectionFormat™ divides each specification document into – you guessed it – three parts : General, Products, and Execution. Within each of the three parts is a standard set of article titles set in a standard order to further organize the specification data.
What is Uniformat II?
This report describes UNIFORMAT II , a format for classifying building elements and. related sitework. Elements, as defined here, are major components common to most. buildings. Elements usually perform a given function, regardless of the design.
What is CSI architecture?
The Construction Specifications Institute ( CSI ) is a United States national association of more than 8,000 construction industry professionals who are experts in building construction and the materials used therein.
What are CSI codes used for?
In simple terms, it is a coding system, which helps professional construction companies to organize documents, designs, and contract specifications. MasterFormat has specific titles and associated numbers, which in combination makes an indexing system used globally for construction.
What is the difference between MasterFormat and Uniformat?
The differences between two the formats is that Masterformat organizes the building design by the material of the project. The Uniformat is a method that organizes the building design in a way that links the systems of the project.