Cost Analysis Charts
Proactive vs. Reactive Approach
In a time where budgets are tightening and the task of forecasting future expenses is more crucial than ever, implementing a program to prevent or reduce unforeseen expenses related to copper wire theft will not only save you money, it will help you to stay on budget, free up valuable staff time and reduce other related indirect costs.
Aside form preventing copper wire theft, the charts provided below are just a few examples of how implementing SIPRA Corp's Lockjaw Utility Box Security Lids will save you time, money and other valuable resources.
This chart illustrates a city having 12 at-risk parks with the number of pull boxes at each park ranging from 10 to 35 and an average 23 boxes per park. In this example, a repair cost of $1,200 was used as the cost to replace stolen wire and $180 was used as the average cost of an installed Lockjaw Utility Box Security Lid. (Indirect expenses were not factored.) With a total of 276 pull boxes, the cost to protect all parks from theft would be $49,680 where the cost to replace stolen wire from 42 (15.21%) of the pull boxes would be $50,400. Therefore, the cost to protect all 276 pull boxes from copper wire theft is less than the cost to replace 42 boxes of stolen wire.
This chart illustrates a 60 unit park within a city that has a particularly high-risk of theft at a rate of 30% (or 18 units per year). In this example, a repair cost of $1,200 was used as the cost to replace stolen wire and $180 was used as the average cost of an installed Lockjaw Utility Box Security Lid. (Indirect expenses were not factored.) With a total of 60 units, the cost to protect this park would be $10,800. If the theft rate averaged 30% over a period of 10 years, the total savings at the end of 10 years would be $205,200.
This chart illustrates a city with 1000 units at-risk with a relatively low theft rate of 7.5% (or 75 units per year). In this example, a repair cost of $1,200 was used as the cost to replace stolen wire and $180 was used as the average cost of an installed Lockjaw Utility Box Security Lid. (Indirect expenses were not factored.) With a total of 1000 units, the one-time cost to protect this park would be $180,000 in Year 1. If the theft rate averaged the same 7.5% over a period of 10 years, the total savings at the end of 10 years would be $720,000.
This chart illustrates a city with 1000 units at-risk with a relatively low theft rate of 7.5% (or 75 units per year). In this example, a repair cost of $1,200 was used as the cost to replace stolen wire and $180 was used as the average cost of an installed Lockjaw Utility Box Security Lid. (Indirect expenses were not factored.) With a total of 1000 units, the cost to protect this park would be $36,000 per year for 5 years for a total of $180,000. If the theft rate averaged the same 7.5% over a period of 10 years, the total adjusted savings at the end of 10 years would be $540,000.
