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Over £70 million worth of construction plant, including excavators, compressors and even cranes, have been stolen from construction sites in the last year alone.

It estimates that the UK construction industry is now losing over £800 million a year when other costs associated with plant theft are taken into account.

These costs include:

• Plant replacement costs
• Hire of replacement equipment
• Loss of business
• Increased insurance premiums.

65.2% of those surveyed by the Chartered Institute of Building claimed that the tracking of plant vehicles was an effective measure, with a further 23.4% admitting that they had not tried the security device. Installing a tracking system is a cost worth incurring.

112,174 vehicles were stolen in 2017/18, showing an increase of 50 % in the last 5 years with no slow expected.

Organisations that have implemented telematics technology attest to its value in managing operations. They cite improved driver behaviour and peace of mind knowing where their material assets are. By using better scheduling and better routing, you can access savings that can be invested into other areas of your business..

Most organisations when they think of GPS tracking, straight away think about their vehicles and trucks.

Valuable assets that are often stolen. GPS tracking in vehicles is now commonplace and is supported through the ability to tap into existing power systems to ensure ongoing power and charge is available for any GPS tracking module.

Non-powered Assets are limited in this regard.

An asset that doesn’t have its own source of power generation (typically an engine with an alternator) is generally referred to as a non-powered asset. Trailers, commercial generators, shipping containers, water tanks, mobile traffic signs etc