Alarming Facts

1. Unquantifiable

Down Time costs 3X the amount stolen

2. Epidemic proportions

Job site theft is growing by 25% annually

“People are not getting caught so they are getting bolder and bolder”

3. $26,000,000 – a nice contract but not a nice loss

Annual losses to Pacific Northwest Contractors due to job site theft and vandalism

4. Priceless

New CAT D8                           $850,000

          Universal CAT key online       $10

          Portable Alarm System           $2000

          Peace of Mind                         Priceless

5. Contingency Budget or Bonus – you decide

Job site theft adds over 2% to the cost of a new building

          $2M project x 2% = $40,000

6. Yeah, that’s not covered…

Equipment, tools, and machinery are often excluded from Builders Risk

7. Do you have a plan?

Site-specific Security Plans are now required on many public works jobs

8. Book’em Dan-o

Job site theft is considered a victimless crime and hard to prosecute, therefore it gets less attention from local police

9. Alarming Frequency

50% of contractors have been hit in the last 12 months

10. Sleep tight

75% of job site theft happens at night and on weekends

11. Are YOU naked?

Only 15% of jobsites are armed with alarm systems

Thieves are generally lazy and will go down the road to an unprotected site

12. Without a Trace

Only 10% of stolen equipment is ever recovered

13. Minute Man

Most thieves will not try to steal if they cannot enter the site, load and be clear in less than 10 minutes

14. Repeat Customer

Once a job site is hit you are twice as likely to be called on again

15. “False Fence of Security”

Improperly installed or poor quality fencing can leave you vulnerable by giving you a false sense of security

16. Total Site Security

The National Equipment Registry strongly recommends adding a fence around the entire construction site and augmenting it with motion sensor lighting and an alarm system

17. Sweat the Small Stuff

Something as insignificant as a temp power feed or welding wire getting heisted can shut your job down for hours

18. Think outside the “box”

Traditional alarms do nothing to secure your most valuable equipment and only provide protection for the job trailer