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Procore

What are Procore's default cost types?

Answer

A Cost Type is a set of costs identified by a unique abbreviation or label. Examples include L=Labor, E=Equipment, M=Materials, C=Commitment, OC=Owner Cost, SVC=Professional Services, and O=Other.

In Procore, cost types are a way to identify and classify your project's job costs. They can also be used to generate reports. See View Job Cost Summary Report. When managing your cost types list in Procore:

In the construction industry, grouping individual cost codes into one or more cost types is a common practice for subcontractors and other construction businesses whose expenses are primarily internal (for example, L=Labor or DE=Direct Expenses). For general contractors, who might need to track a large number of subcontractors, it may be less common to group codes into cost types. 

 Note
If your company is using the ERP Integrations tool, not all integrated ERP systems support the 'cost type' concept. Some systems use an alternate term to refer to 'cost type.' For details, see What are 'cost types' and how does our ERP integration support them?

Default Cost Type List

The following table details the default cost types in Procore. Your company's Procore Administrator can either add new cost types to this list or edit the existing values in the 'Abbreviation' and 'Label' columns to better fit the terminology used in your environment. 

Abbreviation Label Default Cost Types 1
L Labor Labor
E Equipment Equipment
M Materials Materials
S Commitment Commitment
OC Owner Cost Owner Cost
SVC Professional Services Professional Services
O Other Other

1 The values in the 'Default Cost Types' column cannot be edited Procore. 

See Also