While theft itself is costly, the project delays caused by theft can be even more expensive.
Downtime Statistics
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A single equipment theft causes 2–4 days of project delay.
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Each day of delay costs contractors $5,000–$12,000 in labor, rentals, and penalties.
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52% of contractors report schedule disruptions due to theft.
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Insurance claims can delay equipment replacement by weeks, not days.
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Total impact often exceeds the actual theft value by 300–500%.
The Real Financial Impact Example
If a $15,000 generator is stolen:
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Replacement delay = 3 days
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Downtime cost = ~$21,000
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Total loss = $36,000
How wifieye Eliminates Downtime
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Verified monitoring = quicker police response
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Deterrence = fewer theft events
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Real-time alerts = prevent damage before it causes delays