Theft happens on construction projects with hard deadlines, milestones and required project phasing which means that stolen materials and equipment must be replaced immediately in order for the project to avoid further delays. Because of price inflation, replacement materials are often more expensive than what was stolen, thus compounding the loss. Contractors, insurers — and ultimately, the owners — all pay for rampant construction theft.

$1 BILLION

Annual cost of construction site theft in he United States