Budgeting for a security company involves many key factors, including size of the construction site, hours of monitoring, threat level, potential risks in your location, and need for asset protection.
In this blog, you must understand the estimates of hiring a security company, keeping in mind the factors involved. So, continue reading this reading till the end to plan the budget.
Cost Estimate Factors for Hiring a Security Company in Melbourne
Here are some cost estimates that you must take note of when planning the budget for construction security services.
Size of the Construction Zone:
The costs of security service depends on the scale of the construction site. The larger and more complex size demands more security guards with specialised skills.
A static security guard charges anywhere between $40 - $100 per hour, depending on the need to monitor various entry and exit points. Also, the company that complies with all the Australian building codes and safety requirements and possess specialised skills to handle large-size construction zones demand higher rates.
Specialised Asset Protection Services:
In addition to an on-site security guard presence, considering asset protection and patrolling services also influences the costs.
If you need more robust security to prevent the expensive copper wiring, machineries, construction workers, and the premise from unexpected damage, you must include asset protection costs as well.
You must estimate $60 - $100 per hour, based on the value of the items. Advanced machines, tools, or raw materials require additional measures like surveillance, secure storage, and tracking systems. Monitoring each of them influences higher costs of hiring a Melbourne security company.
Mobile Patrolling:
If you need a personnel to patrol the site for constructions happening at less-sensitive locations, you must realise the costs per patrol. Generally, the mobile patrol cost estimates $50 - $200 per night, depending on the frequency, site size, and duration of the service.
Security patrolling guards who need to travel to different sites at a long distance will definitely charge more as compared to single building patrolling service. You must confirm the specific costs from a security company, requesting a quote for the frequency, duration, and area of the construction.
Location of the Construction:
Obviously, locations with presence of high criminal records and low-light conditions are riskier in the absence of a security guard.
In that case, you must also consider the fees of armed security professionals which starts with $25 and ends at $50 per hour. The final costs depend on your choice of Melbourne security company providing more experienced, compliant, and licensed personnel.
24/7 Monitoring:
Construction sites require round-the-clock security to prevent theft, vandalism, and entries without permission. Besides protection of construction sites during daytime operational hours, monitoring the site overnight, on weekends, or public holidays is equally essential.
You must also consider the fees for shifts extended beyond the normal duties. This usually costs $60 - $120 per hour depending on the duration of the service.
Duration of the Contract:
Large and more complex site buildings take time to construct which necessarily require long-term security contracts. You must ask for at least 10-15% discount on service costs when hiring a Melbourne security company for more than 6 months.
However, if the project is expected to last for maximum 2-3 months, be ready to see the increase of security charges based on the per-hour or per-day rates.
Determining Monthly Cost Estimates
To sum up the above cost analysis, here is the total budget you need to set aside.
3 unarmed guards with 24/7 coverage for a large construction site: $86,400 - $2,16,000 monthly
Advanced asset protection for 24 hours and 7 days a week (tracking and storage of valuable assets): $21, 000 - $48, 650 monthly.
Mobile Patrolling: $150 - $6,000 monthly.
Total Estimate: $1, 07, 550 - $2,70,650 monthly.
Final Words
We hope you found this blog informative. As you see, the total monthly cost estimates for hiring a security company is reasonable for expensive builds. The larger the premises are, the need for more advanced security measures is definitely a requirement.
Remember, when you measure the return-on-investment like prevention of theft, loss, and workplace accidents, these estimates become more effective.
Regardless, you still have the option to reduce the number of guards and their hours, patrol frequency, and other advanced services to save more money. Contact a security company in Melbourne today to request specific and transparent quotes.