Development of building projects
What this code covers
Use this class for development of building projects when the main activity includes Development of building projects for self-owned residential and non-residential buildings or civil engineering works by bringing together financial, technical and physical means to realise the building projects for later sale and Subdividing and improving of self-owned land for later sale. Check exclusions and nearby codes before applying it to a mixed activity.
Official NACE Rev. 2.1 labels and explanatory notes are imported from the source dataset. Plain-language explanations are shown separately so readers can compare interpretation with the source text.
No child codes; this is a class-level code.
- development of building projects for self-owned residential and non-residential buildings or civil engineering works by bringing together financial, technical and physical means to realise the building projects for later sale
- subdividing and improving of self-owned land for later sale
- redevelopment of building projects for self-owned residential and non-residential buildings or civil engineering works to realise the building projects for later sale
- construction of residential and non-residential buildings, see division 41
- complete remodelling or renovating of existing residential or non-residential buildings involving several specialised construction activities, see division 41
- painting and glazing activities as part of maintenance, see 43.34
- construction activities related to land improvement, see section F
- Compare with 41, 43.34, 68.20 when the main activity overlaps another code.
- Review the Rev. 2 to Rev. 2.1 mapping type before migrating old records.
- Check national equivalent caveats before using this code for local registration or filing workflows.
- If the main revenue activity appears in an exclusion, compare the alternative code before deciding.
Use this guide as classification support, not legal, tax, filing, or regulatory advice.
- - development of building projects for self-owned residential and non-residential buildings or civil engineering works by bringing together financial, technical and physical means to realise the building projects for later sale
- - subdividing and improving of self-owned land for later sale
- - redevelopment of building projects for self-owned residential and non-residential buildings or civil engineering works to realise the building projects for later sale
- - construction of residential and non-residential buildings, see division 41
- - complete remodelling or renovating of existing residential or non-residential buildings involving several specialised construction activities, see division 41
- - painting and glazing activities as part of maintenance, see 43.34
- - construction activities related to land improvement, see section F
- - development of building projects for own operation, i.e. for renting out the space in these buildings, see 68.20
- - architectural and engineering activities, see 71.1
- - provision of architectural or engineering project management services for construction projects, see 71.1
- - Development of building projects for self-owned residential and non-residential buildings or civil engineering works by bringing together financial, technical and physical means to realise the building projects for later sale
- - Subdividing and improving of self-owned land for later sale
- - Redevelopment of building projects for self-owned residential and non-residential buildings or civil engineering works to realise the building projects for later sale
- - Construction of residential and non-residential buildings, see division 41
- - Complete remodelling or renovating of existing residential or non-residential buildings involving several specialised construction activities, see division 41
- - Painting and glazing activities as part of maintenance
- - Construction activities related to land improvement, see section F
What is NACE 68.12 used for?
Use NACE 68.12 for development of building projects when the main activity matches this scope: Use this class for development of building projects when the main activity includes Development of building projects for self-owned residential and non-residential buildings or civil engineering works by bringing together financial, technical and physical means to realise the building projects for later sale and Subdividing and improving of self-owned land for later sale. Check exclusions and nearby codes before applying it to a mixed activity.
What are typical examples for 68.12?
Typical examples include Development of building projects for self-owned residential and non-residential buildings or civil engineering works by bringing together financial, technical and physical means to realise the building projects for later sale, Subdividing and improving of self-owned land for later sale, and Redevelopment of building projects for self-owned residential and non-residential buildings or civil engineering works to realise the building projects for later sale.
When might 68.12 not be the right code?
Review another code when the activity is closer to construction of residential and non-residential buildings, see division 41 and complete remodelling or renovating of existing residential or non-residential buildings involving several specialised construction activities, see division 41.
Which codes should I compare before choosing 68.12?
Compare 68.12 with 41 Construction of residential and non-residential buildings, 43.34 Painting and glazing, and 68.20 Rental and operating of own or leased real estate when the activity description is ambiguous.
Use this division for construction of residential and non-residential buildings when the main activity includes Further included is the construction of entire buildings (for example, homes, offices, stores as well as utility buildings or farm buildings).. Check exclusions and nearby codes before applying it to a mixed activity.
Use this class for painting and glazing when the main activity includes Interior and exterior painting of buildings and Painting of civil engineering structures. Check exclusions and nearby codes before applying it to a mixed activity.
Use this code when the main activity is renting out or operating real estate owned or leased by the business.
Use this group for architectural and engineering activities and related technical consultancy when the main activity includes Architectural activities and Engineering activities and related technical consultancy. Check exclusions and nearby codes before applying it to a mixed activity.
Use this class for buying and selling of own real estate when the main activity includes Buying and selling of self-owned real estate and Apartment buildings and dwellings. Check exclusions and nearby codes before applying it to a mixed activity.
Use this group for real estate activities with own property and development of building projects when the main activity includes Buying and selling of own real estate and Development of building projects. Check exclusions and nearby codes before applying it to a mixed activity.
Rev. 2 code 41.10 is one of multiple older codes associated with Rev. 2.1 class 68.12 Development of building projects.
Official close match imported from NACE Rev. 2.1.
Datasets, CRM segments, KYC rules, reporting logic, and historical joins may need review because the activity scope is not a simple unchanged carry-over.
Review the official explanatory notes for each target code and confirm whether the business activity still fits the suggested Rev. 2.1 class.
Rev. 2 code 42.99 can map to more than one Rev. 2.1 class: 42.99 Construction of other civil engineering projects n.e.c., 68.12 Development of building projects.
Official close match imported from NACE Rev. 2.1.
Datasets, CRM segments, KYC rules, reporting logic, and historical joins may need review because the activity scope is not a simple unchanged carry-over.
Review the official explanatory notes for each target code and confirm whether the business activity still fits the suggested Rev. 2.1 class.