ABSTRACT
This chapter is concerned with documenting the project 'as-built' and with the safe retention of authorization documents. Company accountants may wish to hold a project account open for their own use beyond the official project closure date to collect a few 'tail-end' costs. Final cost accounting information provides an important databank from which comparative cost estimates can be made for future projects. This is especially true of the man-hour records. Whether a project is for the design and manufacture of equipment or for a mining, civil engineering, petrochemical or other capital project, the 'as-built' condition on completion must be adequately recorded. This is vital if the contractor is to be able to fulfil its post-contract obligations to the client. Surplus materials and components will almost certainly remain upon completion of a project. Sensible consideration must be given to the most cost-effective method of their disposal.
