Mitigating losses due to criminal activity on building projects involves implementing proactive security measures. These safeguards range from basic procedures to advanced technological solutions aimed at protecting valuable assets such as equipment, materials, and tools from unauthorized removal or damage. Examples include enhanced perimeter security, inventory management protocols, and the deployment of surveillance systems.
Effective risk management in the construction industry necessitates addressing the significant financial impact of these incidents. Such losses can cause project delays, increased insurance premiums, and reduced profitability. Historically, this issue has plagued the sector, prompting the development of various strategies over time, evolving from simple watchmen to sophisticated integrated security programs designed to minimize vulnerability.
