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Building and construction sectors are experiencing a resurgence in the post-pandemic era. According to the Bureau of Labor Statistics (BLS), signs of an industry rebound include an addition of 60,000 jobs and an hourly pay increase rising at the steepest pace in four decades.
Figures published by the Associated General Contractors of America (AGC) seem to back this up, showing that in addition to a steady climb in construction spending, construction employment increased in nearly three out of four U.S. metro areas at the beginning of 2022.
Growth Underscores Construction Security Concerns
These reports are promising, and yet they also give way to new concerns about the security of contractor assets on construction sites. The National Equipment Register (NER) estimates the value of construction equipment stolen each year ranges from $300 million to $1 billion — an estimate for equipment theft only, not including theft of tools and building materials.
Speaking of building materials, an era of inflated prices on materials tends to create an even more appealing environment for thieves. When the cost of lumber, copper and steel are at an all-time high (as they were in 2021), criminals see a window of opportunity to target unmanned construction sites in the dead of night, retrieve the materials and sell them for lower than market cost to pocket some quick cash.
All things considered, this vulnerability is a primary pain point of the construction industry as it recovers from the impact of Covid and other hard-hitting economic factors. Fortunately, there is a security solution to address it.
How Video Surveillance Trailers Can Help
It’s important for builders and contractors to protect themselves, their construction sites and their assets from the price-savvy thieves who strike during vulnerable times. When strategically placed on a worksite, our solar-powered video surveillance trailers can substantially reduce the expected loss a company may sustain on a construction project. Here are three primary ways our security trailers can accomplish this.
1. Controlling Risk and Reducing Loss
For a home builder on a 12-month project, it’s not uncommon to factor in a loss of $2,000 or more per pad because of the high risk of material theft. In one recent case, a company suffered a loss of $4,000 worth of OSB siding before contacting us to inquire about our video surveillance trailer solution. By improving the security climate with a monitored security trailer, a builder can reduce the risk of theft in each community phase undergoing construction.
2. Preventing Insurance Premium Increases
Risk Management firm Woodruff Sawyer reports that construction market premiums increased in Q1 2022, continuing a consecutive trend that began 18 quarters ago when premiums increased as much as 15% — even on accounts that lacked historical losses. On accounts with historical losses sustained, annual premiums can be expected to increase even more. To prevent further increases, protecting construction assets with a video surveillance trailer makes good financial sense.
3. Concentrating on Target Areas
Each of our video surveillance trailers has a range of 330 feet, which ensures that camera visibility is concentrated on high-risk areas. In the average new build residential community, this can cover approximately 15 homes. If more trailers are needed at the same time, the operationalized expense of leasing multiple trailers (which are monitored by a dedicated, responsive central station) is often more cost effective than hiring live security staff. If live guards are present, the trailers can focus on those areas where guards patrol less frequently.
Schedule a Video Surveillance Trailer Demo Now
At Security Trailers, we specialize in theft and vandalism prevention for commercial and residential construction with zero tolerance for loss. We supply video surveillance trailers that cover your high risk areas, with a proactive monitoring service that issues a loudspeaker warning to prevent intruders from succeeding at theft, while powerful strobe lights draw unwanted attention that prompts them to flee. To learn more about this powerful solution for construction industry security, schedule a demo with us now.
About Security Trailers.com
SecurityTrailers.com specializes in theft and vandalism prevention and intervention for commercial and residential construction, with zero tolerance for loss. Our regional service area comprises Oklahoma, Kansas, Missouri, Arkansas and North Texas. Contact us today to request a free demo on our video surveillance trailer products and interactive monitoring service.