How to Avoid Construction Equipment Theft or Damage

Employees and field service technicians may be a company’s backbone, but their equipment is what allows them to do their jobs. Without the proper tools, employees cannot do what they’re trained to do, which could end up costing a business a significant amount of time and money. 

Unfortunately, the theft of tools, construction equipment, and materials from an unsecured jobsite and/or even work vehicles, can really add up. According to the most recent data, construction jobsite theft costs the industry up to $1 billion every year with less than 25% of stolen construction equipment ever being recovered.

To avoid costly equipment theft, small business owners need to take proactive measures. Here are three high-tech business solutions that can help secure your valuable equipment and protect your bottom line.

Use GPS Tracking Devices in Your Equipment

The more deterrents you have in place, the safer your property is from theft. And the easier it is to keep track of it. Telematics uses real-time GPS technology to monitor and record the movement of your assets (vehicles, equipment, etc.) on a computerized map.

Businesses can keep track of their equipment and even make sure their field service technicians get to their destination safely and on time. With GPS-enabled asset tracking, businesses have 24/7 coverage that protects their employees, equipment, and the business itself.

Install Geofencing

Geofencing allows businesses to create an invisible perimeter around a designated area, whether it is a construction site, shipping yard, or a specified area. Once a boundary is set, businesses can track and monitor everything that happens within those coordinates. 

Geofencing enables automated alerting of asset movement in and out of the geofenced area. This can allow businesses to know immediately if an asset moves out of the area, so they can notify employees or even the police of unauthorized movements.

Thanks to GPS tracking, businesses can easily locate and recover stolen or lost equipment, saving businesses a lot of time and money!

Use Telematics

Telematics—a hybrid term that combines the words “telecommunications” and “informatics”—allows you to monitor construction equipment and vehicles in real-time using GPS and onboard diagnostics. It tracks movements on a computerized map, so that businesses can locate valuable equipment on jobsites, reduce unnecessary rentals, monitor fuel consumption, and prevent unauthorized use of equipment and theft.

At TFP Canada, we sell software that allows you to tag smaller assets and scan them to be associated with vehicles. It’s as simple as putting a tag on a ladder and scanning it to the truck it’s on. This allows businesses to audit tools, so that they know where equipment is (or where it is supposed to be) at all times and prevents valuable implements from being misplaced or easily stolen.

TFP Canada, Canada’s Ultimate Field Service Provider

TFP Canada offers an all-in-one field service software that can keep your field service technicians, employees, equipment, and property safe. 

Using the best technologies for web and mobile, our software helps businesses automate and streamline their organization’s complex business operations. Developed specifically with small- and medium-sized businesses in mind, our ERP software is easy to install, is customizable, and is easy to use. 

Because our software is centralized in the cloud, workflow automation and fleet management is entirely scalable and changes with the needs of your company. You don’t need to purchase expensive hardware, hire additional IT staff, or purchase expensive service plans.

At TFP Canada, we offer a complete office management system that lets you put your business on autopilot, anywhere, and everywhere, which allows you to do what you do best: grow your business.

To learn more about TFP Canada and how our cloud-based enterprise resource planning (ERP) software can help automate your business, improve fleet management, and reduce costs, contact us at (647) 612-3300 or by email at sales@tfpcanada.com.