Estimate Cost of the Project

12 security guards (6 guards @ 2 entrance x 12 hrs shifts) at RM1,700/mth x 12 guards = RM20,400. This will be the monthly salary cost, inclusive petrol allowance to the guards.
Walkie talkies hopefully to be provided by the security firm.

Estimated cost to construct each boom gate = RM2,000 x 2 = RM4,000

Estimated cost to purchase clocking machine for committee to track that the guards have made their rounds (RM1,400) + 5 additional points (RM40/point) = RM1,600

Estimated cost of buying a table, chair, big umbrella, torchlight, baton, plus misc = RM3,000

Estimated cost of ang pow / duit raya for the 12 guards and 1 supervisor = RM1,500

Estimated cost to produce 1,200pcs car stickers at RM2,400

Other misc operating cost = RM10,000

Construction of guardhouse = Mr Paul Lim (64, Jalan SS22/27) has very kindly offered to sponsor the cost of constructing this. Thank you very much Paul.

We will eventually need two guard houses for 2 entrances/exit points.

Annual salary cost for 12 guards = RM20,400 x 12 mths = RM244,800
One time fixed cost = RM22,500
Total first year operation expenses = RM244,800 + RM22,500 = RM267,300

Estimated cost per house scenarios depending on number of houses who joins in:
200 houses = RM1,337 / 12 mths = RM112 / mth
400 houses = RM669 / 12 mths = RM56 / mth
500 houses = RM535 / 12 mths = RM45 / mth
600 houses = RM446 / 12 mths = RM38 / mth

With the increasing cost of living and inflation, expect the cost to go up rather than down.
Inform the residents the following:
· Our targeted estimated cost per house is between RM60 – RM70 per month.
· Final cost estimation will be worked out at the next committee meeting and everyone will be kept informed.