Time and money are at a premium when it comes to construction. Losing out on one or the other can derail an entire project and lead to bigger losses down the road.
Threats to time and money can come from anywhere, but thefts top the chart, accounting for the most overall losses in construction compared with other risks, like vandalism, fire damage and collision. In fact, industry experts attribute a staggering $1 billion in losses to theft each year.
While jobsite theft isn’t new, the risk it poses has exploded since the pandemic. With continued supply chain issues and inflated material prices, today’s contractors are taking the brunt of that risk.
