THEFT COSTS CONSTRUCTION BUSINESSES ONE BILLION ANNUALLY

How much have you lost?

Less than 25% of stolen construction equipment is recovered each year. Construction equipment theft is so prominent because stealing construction equipment is a low-risk, high-reward opportunity for thieves, especially on unsecured construction sites. The simple solution to significantly reduce construction theft is an RTLS (real-time location system).

Within Australia, the construction industry is made up of many services such as:

  • Electrician
  • Plumber
  • Carpenter
  • Plasterer
  • Tiler
  • Landscaper

WHAT STOLEN EQUIPMENT COSTS

While it’s difficult to nail down figures, the National Equipment Register (NER) estimates that the value of construction equipment stolen worldwide is approximately 1 billion dollars per year. That estimation is for equipment only, equipment is an easy target for thieves.

COST OF REPLACEMENT AND DOWNTIME

The cost of replacement is just the beginning of the headache that stolen equipment causes construction business owners. There’s also the time spent having to file police reports, insurance claims and most importantly the downtime caused by equipment not being available to continue work.

With Adverse effects, such as:

  • REPLACEMENT
  • DOWNTIME
  • POLICE REPORTS
  • REPUTATION

THE SOLUTION- ATLAS

  • View your assets on the map (equipment, tools and vehicles)
  • Emergency alerts if your assets leave your site
  • Be notified if your assets are underutilised
  • Automated daily audit

WHAT IS ATLAS

Assets are often misplaced, this leads to lost time. With our tracking solution, named ‘Atlas’ you can open the Atlas app on your phone and know where your assets are with the press of a button.

THE OUTCOME

 

 

Saved time

Staff spend up to 10% of their time looking for lost equipment (extrapolation based on time spent looking for equipment in other industries)

Saved money-

Construction companies lose up to 100,000 in theft per annum (Extraction from [Bureau of Labor Statistics]

HOW DOES ATLAS WORK?


Simply place a Bluetooth tag on an asset that needs to be tracked and wireless ‘gateways’ are placed throughout the site. These gateways receive ‘Bluetooth advertising’ — this is just a fancy way of saying they receive a signal from the tags. This signal tells the real-time location of the tag to the gateway and the gateway tells the Atlas system. The tag’s battery should last between one to five years.

COST OF SOLUTION

We provide an affordable solution for all sizes of business whether small medium or enterprise.

Speak to an Expert
Phone: 1300 66 22 80
Email: info@iottag.com.au


By Andrew Kelly | Categories: Industry Solutions

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About the Author : Andrew Kelly

Andrew Kelly

After completing a PHD in low power wide area networking Andrew found himself as interested in the literature as the technology itself. Andrew now writes engaging and informative prose at iottag sunny office in Melbourne, for offices across the globe.