ABSTRACT

The most significant reason for issuing a formal project closure statement is to forbid further expenditure against the main project cost codes. 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. The project manager or engineers must ensure that any deviations from drawings are fed back for incorporation. The key to indexing and defining all the drawings at the end of a project is either the central drawing register or, preferably, a specific project drawing schedule. A separate build schedule must be compiled for every project item that is made and assembled as a single unit, but one build schedule can be used to cover a number of items where these are made as an identical batch.