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Construction Site Security

Security and Loss Control Equipment theft is a major source of loss to all contractors. While insurance may offset some of the financial costs of this loss, many uninsured costs are paid by all contractors (general and subcontractors). These costs include insurance deductibles, replacing depreciated items with new equipment, and production delays, paperwork and time in reporting and replacing stolen equipment. 

Uninsured costs often exceed the cost paid by insurance and add to contractors’ overall operating expenses. These costs must be offset by increased pricing. The bottom line is that equipment theft costs contractors money and impairs their ability to offer competitive pricing for various construction projects. More importantly, some contractor equipment is worth tens of thousands of dollars. Large contractors can have equipment worth hundreds of thousands of dollars. Secure equipment means secure business. 

Contractors with inadequate equipment security are easy theft targets. Their major concern is to protect against tool and equipment theft. In some cases, the difference between profit and loss on construction projects depends on successfully preventing theft losses. 

Good planning and programming are essential to construction-site security. This is important to control loss by preventing theft of valuable construction materials and tools. Contractors can prevent theft from a construction site through several areas of ensuring security and loss control. 

 Equipment theft has many potential sources, but the two main sources are: 1) the public or 2) workers (present and former) at job sites, during transportation, or at contractors’ home office.