According the National Equipment Registry, billions of dollars worth of construction equipment and supplies is stolen annually which is not accounting additionally for the value of supplies such as copper. Copper theft alone causes nearly $1 billion in losses to businesses yearly and according to the National Association of Home Builders (NAHB), builders lose over $4 billion annually total. According to LoJack, New Jersey is 5th in the nation when it comes to equipment theft, creating costly concern for contractors and home builders. This all means higher expenses for builders who have to pass the cost of theft to buyers. The NAHB estimates that home builders should add about 1.5% to the total price of the average new home to offset costs related to theft and vandalism.
Here are some ways to help prevent theft on your job sites:
- Use temporary fencing to close up your site, making it harder to enter and remove equipment and supplies.
- Employ security guards to protect the site overnight and also consider renting a portable guard shack.
- Have a lock down area for tools and supplies and make sure to lock up equipment and perimeter before your crew leaves for the night.
- Remove all keys from the site at night and do not share information on where spare keys are kept.
- Run background checks on employees and other contractors on site, many thefts are inside jobs.
- Install lighting to turn on at night. Jobsite theft generally occurs at night and keeping the area well lit can act as a deterrent.
- Take down all of the serial numbers on your equipment and tools and keep accurate inventory of your supplies.
- Prosecute to the fullest extent to send a message to any other potential thieves and vandals.
- Order materials to come “just in time” delivery to minimize the quantity of valuable materials left on site. According to an NAHB survey about jobsite theft, 86% of builders practiced just-in-time delivery.
10. Take out insurance on your project to cover your equipment, materials and tools in case of theft or vandalism.
It is best to be proactive when it comes to site security and while theft will not be completely eliminated, steps can be taken to protect your sites and greatly reduce the likelihood of costly thefts.
Johnny on the Spot, LLC. (A Dubin Clark Portfolio Company), headquartered in Old Bridge, NJ provides portable sanitation and temporary fencing rentals to construction, special event, seasonal, recreational and permanent location clients in New Jersey, New York and Pennsylvania. Since being founded in 1969, JOTS has been revered amongst its peers as one of the nation's most progressive portable sanitation providers. Featuring a state-of-the-art facility, top-quality rental products, cutting-edge service vehicles, professional staff, reliable service from tenured technicians, and innovative rental equipment, JOTS has established itself as an industry and community leader. To learn more about JOTS, please visit www.johnnyonthespot.com.