An Exploratory Look at Thefts from Construction Sites

Theft of construction equipment, materials, and tools from construction sites results in approximately one billion dollars in direct annual losses to the U.S. construction industry per year. A better understanding of theft characteristics is vital to reducing this figure. This study analyzes over 15...

Full description

Bibliographic Details
Main Authors: Shrestha, Joseph, Osborne, Dustin Lee
Published: Digital Commons @ East Tennessee State University 2019
Subjects:
Online Access:https://dc.etsu.edu/etsu-works/5471
id ndltd-ETSU-oai-dc.etsu.edu-etsu-works-6683
record_format oai_dc
spelling ndltd-ETSU-oai-dc.etsu.edu-etsu-works-66832019-11-01T03:35:45Z An Exploratory Look at Thefts from Construction Sites Shrestha, Joseph Osborne, Dustin Lee Theft of construction equipment, materials, and tools from construction sites results in approximately one billion dollars in direct annual losses to the U.S. construction industry per year. A better understanding of theft characteristics is vital to reducing this figure. This study analyzes over 15,000 incidents from the National Incident-Based Reporting System (NIBRS) to understand characteristics such as theft prevalence, average monetary losses, and recovery rates. The study finds that contractors lost an average of about $6,000 per incident. Trucks are the most expensive theft targets, with an average loss of about $42,000 per incident, and also the most likely item to be recovered (55% of the time). However, recovery rate across all targets was less than 7%. The results of this study provide the most accurate and extensive statistics to date on construction theft characteristics. The study also identifies best practices to reduce thefts such as the use of survellience systems. Further, the use of advanced marking and tracking systems to safeguard expensive equipment and vehicles and aid their recoveries are discussed. The findings are expected to aid contractors and law enforcement agencies in formulating methods for reducing thefts of construction items and improving the likelihood of their recoveries. 2019-04-10T07:00:00Z text https://dc.etsu.edu/etsu-works/5471 ETSU Faculty Works Digital Commons @ East Tennessee State University theft vandalism equipment site-security NIBRS Engineering Engineering Technology and Surveying Construction Engineering and Management
collection NDLTD
sources NDLTD
topic theft
vandalism
equipment
site-security
NIBRS
Engineering Engineering Technology and Surveying
Construction Engineering and Management
spellingShingle theft
vandalism
equipment
site-security
NIBRS
Engineering Engineering Technology and Surveying
Construction Engineering and Management
Shrestha, Joseph
Osborne, Dustin Lee
An Exploratory Look at Thefts from Construction Sites
description Theft of construction equipment, materials, and tools from construction sites results in approximately one billion dollars in direct annual losses to the U.S. construction industry per year. A better understanding of theft characteristics is vital to reducing this figure. This study analyzes over 15,000 incidents from the National Incident-Based Reporting System (NIBRS) to understand characteristics such as theft prevalence, average monetary losses, and recovery rates. The study finds that contractors lost an average of about $6,000 per incident. Trucks are the most expensive theft targets, with an average loss of about $42,000 per incident, and also the most likely item to be recovered (55% of the time). However, recovery rate across all targets was less than 7%. The results of this study provide the most accurate and extensive statistics to date on construction theft characteristics. The study also identifies best practices to reduce thefts such as the use of survellience systems. Further, the use of advanced marking and tracking systems to safeguard expensive equipment and vehicles and aid their recoveries are discussed. The findings are expected to aid contractors and law enforcement agencies in formulating methods for reducing thefts of construction items and improving the likelihood of their recoveries.
author Shrestha, Joseph
Osborne, Dustin Lee
author_facet Shrestha, Joseph
Osborne, Dustin Lee
author_sort Shrestha, Joseph
title An Exploratory Look at Thefts from Construction Sites
title_short An Exploratory Look at Thefts from Construction Sites
title_full An Exploratory Look at Thefts from Construction Sites
title_fullStr An Exploratory Look at Thefts from Construction Sites
title_full_unstemmed An Exploratory Look at Thefts from Construction Sites
title_sort exploratory look at thefts from construction sites
publisher Digital Commons @ East Tennessee State University
publishDate 2019
url https://dc.etsu.edu/etsu-works/5471
work_keys_str_mv AT shresthajoseph anexploratorylookattheftsfromconstructionsites
AT osbornedustinlee anexploratorylookattheftsfromconstructionsites
AT shresthajoseph exploratorylookattheftsfromconstructionsites
AT osbornedustinlee exploratorylookattheftsfromconstructionsites
_version_ 1719284753695244288