Coding standards provide guidelines for consistent code style between developers to make a codebase easier to develop and maintain. The document outlines standards for code structure, naming conventions, commenting code, and validation. It recommends developing a consistent home page first and folder structure with common files separated. The standards specify writing descriptive names and comments, aligning code properly, and avoiding things like inline CSS, local storage, and unnecessary injections. Overall the coding standards aim to produce well-organized, consistent code that is easier to understand and modify over time.