Cases of construction site theft are increasing. As a result, construction site and construction equipment security is more important than ever. The National Equipment Register (NER) conducted a study that estimated the cost of equipment theft. Construction management companies lose between $300 million to $1 billion. Their financial losses are devastating. Not only do construction firms have to replace the stolen equipment but they may lose even more revenue because of downtime (from the lack of necessary materials and equipment).
Types of Construction Equipment Stolen
An NER report found that the top 3 types of construction equipment stolen are loaders, tractors, and excavators. Value and mobility are key factors in the high amount of theft of these items. The larger the equipment, the more difficult it is to steal.
Ways to Deter Construction Site Theft
According to the NER, only 20% of stolen construction equipment reported is ever recovered. Here are some ways to deter construction site theft from your development.
1 .LOCKDOWN LARGE VEHICLES – Construction site thieves look for large and mobile vehicles such as diggers, excavators, and forklifts. Property managers can make it hard for anyone to move them by installing immobilization devices or keep vehicles in view with remote video monitoring.
2. TRACKING SYSTEMS – Another way to deter construction site theft is to add bar codes and microchips to help keep track of missing equipment. Location information can be viewed and followed on a smart phone or computer.
3. KEEP RECORDS – Keep records of your equipment and where they’re located. Record the make, model. and serial numbers and purchase date of construction equipment. Photo identification is also very important.
4. SECURITY SERVICE – If you have a large construction site or an extensive fleet of construction equipment, a third-party security provider is an attractive option. This may include on-site, 24-hour security personnel, online tool and heavy equipment tracking, security alarms and real-time video monitoring. A video monitoring service could potentially catch criminals in the act and help avoid the need for crime reports and insurance claims.
UCIT Online and Stealth Monitoring are the leaders in commercial security in Canada and the U.S, with over 400 employees, 9 offices, and 3 live video monitoring control centers. UCIT’s proactive commercial property security monitors watch over 15,000 IP and CCTV security cameras. Our office security systems feature advanced technology and can detect and deter crime while reducing security guard and other expenses. UCIT’s virtual guard service can reduce or even replace security guards at a fraction of the cost. A remote surveillance operator can see suspicious activity like construction site theft, activate a speaker warning, and call the local police.
Please call toll-free (866) 756-7847 or contact UCIT today for more information to protect your construction site. Visit the UCIT web site to see real videos of criminals being apprehended at construction sites, shopping centers, flex spaces, warehouses, auto dealerships, and other real estate properties.