You’re not alone. In fact, a study from the Chartered Institute of Building found that 92% of respondents in the construction industry suffer from regular site theft. One in five of these respondents added that theft takes place on a weekly basis from their sites.

The NICB (PDF) adds that the average value of a stolen piece of construction equipment is $46,273. They add, “Annual estimates of the cost of equipment theft vary from about $300 million to $1 billion, with most estimates in the range of $400 million.” What’s worse? “The estimates don’t include losses from business interruption. Those losses include the cost of rentals, project-delay penalties, and wasted workforce and management time.”

In other words, construction site theft is a prevalent and expensive problem in the industry.

How can you prevent it?

Construction risk insurance.

For construction managers, choosing the right ERP is a stressful endeavor. ERP software is expensive, and it’s tough to narrow down the options to what’s best for your construction business.

That’s why we’ve distilled the lengthy list of ERPs down to five different options that would be beneficial to construction firms. These systems largely integrate construction accounting software, tool management software, construction CRM software, along with other construction management tools to form a whole system. Read through and take your pick of the best construction ERP software!

Epicor

Offering supply chain management, manufacturing, and sales and marketing features, Epicor is a market leader in construction ERP solutions. It can be installed locally, self-hosted, or be used on the cloud. Epicor is highly customizable; users should take advantage of their add-on modules for CRM, QPM, and PLM, especially. Epicor is made by Epicor.com, which prides itself on tailoring software solutions to each company’s needs. Pricing starts at $4,000 and scales with each added module.