NAHB cost codes are a standardized set of codes defined by the National Association of Home Builders for tracking, managing, and reporting financial and project data. These codes streamline data management across the company, benefiting all stakeholders, including estimators, project managers, and accounting. The standardized structure aids in estimating costs based on previous projects and simplifies project financial management.
Benefits of using construction cost codes
Cost control
Quick and easy way to identify and analyze how money is spent on the project.
KPIs tracking
Track and manage KPIs such as estimated cost, cost estimate, current costs, and more.
Companywide use
Using the same codes companywide makes it easy to track and analyze costs, errors, and forecasts for all stakeholders.
Visualize profit centers
End- to end- analysis for visualizing profit centers and problematic areas.
Estimating
Gives structure and access for following the costs in real-time for setting more accurate and realistic estimates.
Real-time tracking
Let management have a clear overview and of the job and keep all the stakeholders engaged.
Cost codes are hierarchical and chronological
You can see that the jobs are broken down in terms of structure and in chronological order. NAHB has defined the cost codes well sot that the bigger sections of work contain smaller parts.
Because of this, you can easily see the progress and profitability of the project in stages. This means that you can already see how much profit some of the first works are going to give before the project has ended.
Where can you get a list of NAHB cost codes?
Planyard contractor software helps ambitious teams smash their targets and accelerate their growth.
- No more spreadsheets
- Saves project managers’ and QSs’ time
- Easy to implement and use
- Real-time and accurate financial forecasts
- No more duplicate data entry
