Saudi Aramco GI 288.040 NBD PROJECT DEVELOPMENT EXPENDITURES – PROJECT TYPE CODE 40

This document, Saudi Aramco General Instruction GI 288.040, provides comprehensive guidelines for NBD Project Development Expenditures under Project Type Code 40. It details the planning, allocation, and accounting procedures specifically for the Transaction Execution phase, encompassing Pre and Post-Transaction activities.

The document outlines the rules and principles for budgeting, accountability reporting, cost structures, and project closing for these expenditures. It also defines the roles and responsibilities of various departments and personnel involved in the expenditure process, including Accounting Policies & Systems Department, Project Management Team, and relevant financial divisions.

Readers will gain a thorough understanding of Saudi Aramco's financial management framework for new business development projects, including WBS hierarchy, cost elements, and accounting settlements. This instruction is crucial for ensuring proper financial controls and compliance throughout the project lifecycle.

Ideal for finance managers, accounting officers, project controllers, and procurement specialists working within Saudi Aramco or similar large-scale industrial organizations.