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TeachMeFinance.com - explain performance code performance code -- a building code that specifies construction requirements according to performance criteria rather than to specific building materials, products, or methods of construction. See specification code, and prescriptive code. prescriptive code -- a building code that specifies construction requirements according to particular materials and construction methods, rather than to performance criteria. Same as a specification code. See performance code. Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.