Not surprisingly, theft is the most common crime in the construction industry. According to a study done by The Chartered Institute of Building, over 92% of respondents in the construction industry were aware of theft occurring in their company. Most of these thefts are the result of a lack of security when the sites are closed. An unsecured site is an open invitation to criminals so all measures should be taken to secure the site. While permanent sites can be properly protected via fixed surveillance systems, temporary locations such as construction sites require a more flexible solution.
The cost of being the victim of construction theft runs deeper than just the value of the items stolen. You also have to factor in the delays in work, the cost to replace materials and supplies, and the cost of renting or replacing equipment and tools along with the increased insurance premiums you’ll have to pay going forward.
It is critical to implement a game plan to proactively prevent thefts at your construction site. A solid security plan should involve multiple layers of theft deterrents and measures. The harder it is to access your site, the less likely thieves will target it.
A short-term investment will turn out to be very cost-effective in the long run. The cost of securing your site will be quickly regained through reduction in thefts. The cost of security is part of the cost of doing business in the construction industry.