A Cost Type is a set of costs identified by a unique abbreviation or label. In Procore's WBS, 'Cost Type' is a flat segment with these default options: (E) Equipment, (L) Labour, (M) Materials, (O) Other, (OC) Owner Cost, (S) Commitments, and (SVC) Professional Services.
In Procore, cost types are a way to identify and classify your project's job costs. They can also be used to generate reports. View the Job Cost Summary Report in View a Report. When managing your cost types list in Procore:
In the construction industry, grouping creating relationships between your project's cost codes and cost types is a common practice.
This table details the default options in the 'Cost Type' segment in Procore's WBS. Although you cannot delete the default options, your company's Procore Administrator can change the codes and descriptions or add, edit and delete custom cost type segment items.
| Code | Description |
|---|---|
| E | Equipment |
| L | Labour |
| M | Materials |
| O | Other |
| OC | Owner Cost |
| S 1 | Commitment |
| SVC | Professional Services |
1 The "S" is short for subcontract.
If your company is using the ERP Integrations tool, learn more about cost types: