Job site theft has become a rising concern for construction employers across the country—resulting in the loss of valuable equipment and materials. In fact, the latest research revealed that such theft currently accounts for an estimated $1 billion in annual costs throughout the construction sector. What’s more, overall losses related to construction site theft have jumped by nearly 10% every year for the past two decades. Further, as the prices of various building materials—namely, steel and lumber—continue to surge, job site theft is only expected to worsen within the construction industry. Yet, there are several measures that construction employers like you can implement to ensure job site security and minimize theft concerns. Consider these theft prevention tips:
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Source- Zywave, Inc.