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The UK construction industry is a multi-million-pound industry – and that’s just its losses! Seriously, the latest statistics from insurer Allianz Cornhill recently revealed that theft alone costs the industry £800M a year. So how is this a concern for the industry and the communities they serve?

So What’s the Threat?

As such, the construction industry currently struggles significantly with lost costs through both theft and vandalism. Theft of vehicles and machinery is common, whilst construction sites are also a popular target for the theft of metals – with over 7,000 metal-related thefts recorded per month.

Tightening the Security

Despite moves by the government to make it more difficult for criminals to sell stolen metals, through new legislation prohibiting anonymous sales of metal for cash, metal theft is a growing concern, along with plant theft.

Even though heavy plant machinery includes distinctive vehicles, plant vehicles have less than a 10% recovery rate following theft, largely due to identification and appropriate registration issues. The government’s Plant Theft Action Group has been set up to help unify methods for identifying owned and stolen plant, which is helpful but not necessarily preventative.

Contact Candor for Security Services and advice

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