How to Calculate the Cost of Shuttering Service

Often building material suppliers provides the shuttering service. In this service, they provide the girder, support and steel and wood plates on rent. We can calculate its cost by just multiplying the rate of rent with the quantity of shuttering material. If these shuttering material is used more than one day, then you will also multiply number of days this with the product of quantity and rate of rent of shuttering material.

Cost of Service of Shuttering = Rate X Quantity X Take Time


 Sometime, shuttering material may be returned. At that time, you should make two list. One list will show the quantity of shuttering material which is used and returned before returning all shuttering material. By using above form, you can calculate its cost. Now, you will add the cost up to next returning date. Like this, you can calculate the cost of net usage of shuttering.

Following is the formula for calculating the consumption time.

Date of Returning the Shuttering - Date of Getting the Shuttering + 1


Example 


Following is the example in which I have calculated the cost of service of shuttering for my personal  room's construction.

If you want to calculate balance payable amount, you need to deduct advance payment from total cost of service of shuttering. This balance payable amount, you have to pay to shuttering service provider.

This cost of shuttering service may be increased if you will not return the correct quantity which you have taken. You have to pay the price of lost shuttering material. So, be careful which you are returning the shuttering material.