| March 2024 |.
Recent research from Embuild reveals a troubling trend: 52% of construction and installation companies faced yard theft in the past year. According to federal police, 2022 recorded a 17% increase in yard thefts, with 2777 cases reported, up from 2369 in 2021.
A survey of 205 construction companies found that not only were 52% victims of theft, but 39% were affected multiple times. The thefts primarily involved small tools and machinery (44%), followed by building materials (30%) and larger tools and machinery (10%). Yard equipment and vehicles were the least stolen.
Embuild stresses that the actual number of thefts is probably higher than the official figures suggest. Indeed, many stolen goods go unreported; 34% of building materials and 29% of small tools and machinery go unreported. Yet about a third of the companies surveyed note that they report yard theft more often now than they did five years ago, regardless of the type of item stolen.
Niko Demeester, CEO of Embuild, encourages this trend: "This is the right approach. Only by reporting all incidents will we get a full picture of the problem and the police can effectively address yard theft."
To reduce yard theft, Embuild suggests preventive measures such as marking equipment with a tracking system - such as that offered by AllConnects. While tracking technology is already wle used on vehicles(58%), it is much less applied to yard equipment (43%), large machinery (36%) and small machinery (26%), even though such tracking is known to deter potential thieves.
With the right expertise and cutting-edge solutions, AllConnects is ready to support your construction company in making your job site safer. Take matters into your own hands and contact us today for a personal consultation - a smart move for any business owner looking to get ahead.
Have this blog answered your questions, and would you like to learn more about the cost or spar with us about the right application for your business? Then contact us directly by phone 03 289 55 35 or click here to ask for more info or book a consultation.
Also read our other blogs on the construction industry:
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