Theft on the construction site is an increasing problem, and it causes concerns of the costs of replacing equipment and lost earnings for any construction manager. Learn how technology can reduce risks of theft.
Theft can both be related to direct and indirect expenses. Replacing costly material and equipment are a considerable expense, but it also put the projects over budget due to costs of lost time, productivity, and revenue.
It is difficult to secure a construction site, and the amount of theft has been increasing over the years. According to figures from the Danish National Police, the number of reported thefts has increased with 10.2 percent in the first quarter of 2017, 15.3 percent in the second and 18.4 percent in the third.
It creates operational disruption, and if a manager cannot guarantee the delivery time of the project, it may affect customer satisfaction and business reputation. A lot of costs and concern are associated with theft. Therefore, this script is about how you can secure your construction site with new technology.
Tracking is a good idea
A telematics solution is beneficial to reduce the risk of theft at construction sites. Put a small tracking device on your equipment and other material to track the location and usage of your equipment.
Using a tracking solution from Trusted can prevent theft. Trusted consists of small battery-operated tracking devices and cloud-based software that monitor your equipment. The system can provide the exact location of your equipment.
The increase in theft at construction sites is contributing to rises in insurance premiums. Possibly, installation of a tracking device on your equipment can result in lower insurance premiums.
Here are 3 features that Trusted tracking solution provides to prevent theft.
1) Real-time location
The cloud-based software gives you a daily overview of the location of your assets and equipment. In case of theft, it provides the current location of the equipment for recovering. Often, when you place a tracking device on your larger equipment, you usually recover other lost equipment at the same location.
2) Geofence alerts
The tracking solution will alert you if your equipment or asset is moving when it should not be.
Set up a geofence around your construction site and the cloud-based software will send you an alarm when the asset leaves the chosen geofence.
3) Easy to hide
The tracking device is a small device and easy to conceal from a thief. This means that it is difficult to discover or disarm the asset. Furthermore, the small battery-operated tracking device can also be installed on non-powered asset and equipment.
The advantage of choosing a tracking solution is that it benefits the business, efficiency and job satisfaction.
Tracking combined with DNA labeling
Tracking and DNA labeling are the best combinations to secure your construction site. DNA labeling is an invisible, easy, and cheap way to protect your tools and equipment.
Experience shows that DNA labeling equipment reduces the risk of theft by up to 85% – it makes it easier for the police to prove evidence when they stop suspicious cars with large amounts of expensive, professional tools.
DNA labeling is a preventive effect because labeling makes it more difficult for thieves to resell the equipment as they can trace directly back to the owner. Therefore, it is beneficial to combined DNA labeling with a tracking device because it helps to raise evidence and increases the chance of recovering.
Other benefits using tracking at construction sites
A solution from Trusted does not only reduce costs related to theft. It also provides business insights you can turn into substantial savings.
Trusted offers a utilization feature that enables you to measure asset performance and working hours. It can be used for optimizing asset and equipment usage that can turn into cost savings. For example, measure your rented equipment. You might have some idling equipment, you do not need to rent.