Construction site theft is not just about the immediate loss; it's a billion-dollar issue affecting downtime, insurance, and client trust in American companies. Explore the real cost of construction site theft and discover effective strategies to prevent it.
In an era of rising theft, the efficacy of the construction site security cameras is under scrutiny. Join us as we dissect the real value and limitations of traditional surveillance solutions.
With each passing year, commercial properties face greater and more sophisticated physical security threats. While advancements in stationary surveillance systems and more vigorous training of on-site guards have helped meet today’s challenges, many businesses require a more flexible, adaptable and cost-effective solution.
According to a recent construction site security report, thefts at construction sites have surpassed convenience store thefts, with over 11,000 incidents happening in a single year. Items targeted can be as small as scrap metal, copper wire, and tools and as large as backhoes and bobcats.
The construction sector is an integral part of any developed economy, delivering infrastructure that fuels growth. However, construction sites often become hotbeds for criminal activities, with theft, vandalism, and safety violations threatening to disrupt progress and damage investments. With increasing uncertainties, a comprehensive construction site security plan becomes imperative, ensuring your investment is safe and protected.
Construction sites are like living, breathing organisms, evolving and literally changing the landscape over the course of a project. During construction, multiple contractors are constantly entering and exiting the site, various raw materials and supplies are delivered, generators, large tools, and earth-moving machines are left outside overnight, and visibility to key areas becomes obstructed as walls rise. When it comes to construction site security, these things combine to present unique challenges to construction firms.
Construction sites are often unsupervised overnight, and with an abundance of valuable materials, they make ripe targets to thieves and other criminals.
According to The National Equipment Register (NER), construction site theft costs the industry up to $1 billion each year. The National Insurance Crime Bureau (NICB/CEG) reports, nearly one thousand pieces of commercial equipment are reported stolen each month. According to the NER/NICB report, only 21% of the stolen equipment was recovered in 2016.