![]() Recording of consumption of material is equally important as to recording of receipts of material. Recording the recipients of each material which received at construction project on daily basis and submission of reports daily, weekly, monthly and cumulative receipts format. Keeping a track of stock statement ensure the wastage of material happens within stipulated limits and there is no dead inventory of any material which again can hamper the progress of construction. ![]() Stock Statement is created and submitted to top management of the construction company for reviewing of stocks and consumption in order to control the cost of the project and to understand any kind of mishandling or mischief happened. ![]() To complete the project withing time with desired quality in budgeted cost, keeping a record of materials receipts, consumption and reconciliation is important activity, if not done correctly can incur huge losses to company. The common material used at construction projects normally includes Cement, Sand, Aggregates, Reinforcement steel, shuttering Formwork Material etc. Stock Statement Format for Construction ProjectĬonstruction of Project involves purchasing of many materials stated in the specification which are finalize before starting of Project.
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