How Can I Budget for Upcoming Locations, Installations, and Store Conversions?

New locations, acquisitions, remodels, and store conversions rarely carry only one cost. A complete forecast may include surveys, lock hardware, cores, keys, installation labor, freight, and follow-up materials.

SecurityRecords provides a baseline for estimating the scale of that work.

Use Locations Installed to compare installed and uninstalled locations. If any locations are missing, get them added! Providing accurate store listings to your Account Manager should be regular practice if you are adding / removing locations within your company portfolio.

• New construction, conversion, remodel, or acquisition schedule
• Expected opening or installation date
• Number of doors on site and anticipated management staff
• Determine if existing hardware can be repurposed or if new will need to be ordered
• Who will perform installation – Your on-site GC or a locksmith coordinated through InstaKey?

Estimate a typical location using recent comparable orders, then adjust for sites that are larger, smaller, or operationally different. Keep materials, labor, and freight as separate lines. Add a contingency for survey findings and changes (or delays) to the construction schedule.

Work backward from the installation or opening date. Allow time for survey completion, hardware review, estimate approval, material preparation, transit, installation, and issue resolution. Compare this timeline with Order Turnaround and your internal approval process.

Utilize our Scheduler App to set up a reoccurring Locations Installed report to hit your inbox whenever you want! This will help you keep installed and uninstalled locations top of mind, and give you a clear picture on how many more locations need to be converted so you can account for those funds accordingly.