DeWalt announced the findings of its recent research study, which identifies job site security (and the resulting loss of productivity) as the primary concern among professional contractors and other construction end users. These findings are supported by existing industry research and expose an estimated $1 billion (this excludes amounts that were not reported to insurance companies due to lofty deductibles) in annual losses, stemming from the lack of job site security.
The study reported that few job sites are protected by security systems. Those that have protection usually adopt residential systems, which are not designed to meet specific job site needs, and often fall short in protecting key assets such as job site office trailers, material goods, tools, and heavy equipment or machinery. This lapse can lead to significant financial loss and productivity losses, ultimately increasing costs for consumers, especially those purchasing new homes. The National Association of Home Builders recently reported that residential job site losses account for an annual 1- to 2-percent increase in the cost of building a new home.