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Off Site Construction Essay

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Keep an Eye on Off-Site Construction Equipment with GPS Tracking The latest theft report of the National Equipment Register (NER) and the National Insurance Crime Bureau (NICB) provided statistical data detailing the severity of the problem across the U.S. According to the report, most estimates of the total value of equipment loss, due to theft, was in the range of $400 million annually. This figure does not include any of the business losses associated with the theft, such as, costs of business interruption, project-delay consequences, short-term rental fees, wasted labor effort, or management time. Off-site construction equipment is exposed to a variety of risks, including vandalism, collision, fire damage, and the impacts of severe …show more content…

A. Skid Steer Newer skid steers range in price from $30 to $50 thousand and can usually be resold quickly. This equipment is compact, and can be transported in pickups, or small equipment trailers. B. Backhoe Backhoes are typically targeted by professional thieves, as they require full-sized trucks or trailers to transport. New backhoes cost approximately $70 to $90 thousand dollars. C. Forklift Forklifts are in high demand for most warehouses, and can be moved on equipment trailers or flatbed two trucks. Mobile forklifts are simpler to steal, as they are manufactured for easy transport. D. Welders, Generators, and Compressors This category of equipment is easy to steal because they are often portable, and trailer-mounted. An accurate scope of the theft of these items is difficult to access as they are often mounted on other items, and serial numbers are not included on reports. GPS and Effective Equipment Management In 2014, only 23% of reported stolen equipment was recovered. Although theft accounts for the highest number of equipment losses when compared to other risks, the risks can be substantially reduced when fleet managers take certain precautions, including GPS tracking and effective equipment management. A. Prompt Theft Discovery and Reporting GPS tracking for all types of assets help fleet managers monitor expensive machinery. The tracking devices are typically rugged, sealed from the environment, and can handle a

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