In today’s hyper-competitive landscape, every dollar invested in a project needs to yield significant returns. However, construction is an industry wrought with perils that can dramatically impact the bottom line, both directly (such as material thefts and vandalism) or indirectly (such as injured or non-performing construction workers).
In fact, construction site theft alone costs companies over $1 billion annually. That’s $1 billion with a capital “B”. When it comes to large-scale projects, it’s often too easy for potential criminals to slip through the cracks. Not to mention sunk costs in lost productivity, on-site accidents, potential lawsuits, vandalism and more.