Saudi Aramco GI 202.309 CLASSIFICATION OF COSTS – TURNOVER STAGE OF NEW FACILITIES

This Saudi Aramco General Instruction (GI) 202.309 provides comprehensive guidance on the classification of costs during the turnover stage of new facilities, covering the period from Pre-Commissioning through Performance Acceptance. It details how to categorize expenses related to Mechanical Completion (MCC) and Performance Acceptance Certificates (PAC), differentiating between project capital costs and operating expenses.

The document outlines definitions for key terms such as Approved Project Scope, Start-Up Period, and Special Test Run Period, and clarifies the responsibilities of the Project Management, Construction Agency, and Proponent in cost control and reporting. Understanding these classifications is crucial for accurate financial management of capital projects.

This instruction is essential for navigating the financial intricacies of bringing new facilities online and ensuring compliance with Saudi Aramco's accounting policies. Ideal for project accountants, cost engineers, financial analysts, and project managers working within the oil and gas industry, particularly for those involved with Saudi Aramco projects.