Loss of construction equipment from theft makes construction projects more expensive. Contractors get hit with the loss but eventually incorporate it into their cost of doing business. When the lowest bidder includes a cost for equipment and construction-material loss, who really pays for the loss?
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 a contractor money and impairs their ability to offer competitive pricing for various construction projects.
Highland Security & Investigations, LLC can help. We can establish Site Entry Control Points for foot and vehicle traffic to monitor everything entering and leaving the Site. Night watch duties can be performed to deter large scale thefts from the construction site, which will drastically reduce the costs for stolen equipment and materials.
If you are interested in learning more about this service, or are in need of security at your location just CONTACT US, and we will be happy to help.
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