The above process will be performed every time a piece of equipment is delivered on site.
Plant rental companies sometimes do cross-hire machinery and equipment. Our system will ensure that proper checks are done before any equipment is cross hired from another supplier. You will not want to put your reputation at stake by unknowingly supplying your customers with stolen equipment, because once this is discovered, it could spoil the relationship that has been built over many years. It will eliminate unscrupulous rental companies that are taking away business from legitimate companies and will therefore protect the market.
Our system can be easily incorporated into the health and safety systems of companies by being made part of the risk assessment checklist, because having stolen equipment working on your construction site unknowingly can be a risk factor. The weaknesses that we have identified with the current health and safety checklist currently in use, are that they don’t make provision for checking the integrity and ownership of the machine and it checks for things like the general condition of the machines, hooters, lights, oil leaks, conditions of the tyres etc. Once the right boxes are ticked on the checklist, the machine will be given a ‘clean bill of health’ and the registration papers provided with the machinery will then be filed in the health and safety file. The machine will therefore be allowed to start to work on-site. There is absolutely no way that they can know if the machine they are being supplied with is stolen. If this machine is involved in an accident on-site, the company can find itself in big trouble and can be sued by victims if it can be found that they did not perform inspections on the machine’s integrity before allowing it to work on-site. Construction companies suffer losses in terms of time and revenue as a result of having their own or hired equipment stolen on their construction sites. Because it can take some time to replace stolen machinery and equipment, the system will help to enhance the risk assessment tools employed and assist companies not to expose their operations to criminal activities. Construction companies do not bother to check the integrity of the machines/equipment in terms of ownership because they are only using the machines for a period, without taking ownership of the machines. However, at the end, the amount they spend on hired equipment can add up to millions, which can be money that finally ends up in the hands of criminal syndicates.
Unless we have a co-ordinated approach to the problem of theft, we will not be able to defeat it. We believe that all the role players in the industry need to pull their resources together and not work in isolation. We also believe that, if the municipality, government, mining companies, civil, construction and equipment rental companies buy into the system, we will be able to overcome the problem of having equipment being stolen on-site or substantially
The system will be more useful if is managed by insurance companies and be made available to the users for free, or be highly subsidised, so that it could be more affordable to the target market. The long term benefits to the insurance industry will be immeasurable and it could save them hundreds of millions if not billions in the long run; this will lead to an increase in their profits as this system will lead to a decrease in the number of machinery stolen, therefore, more money will become available to be distributed to shareholders; we must also be mindful that these equipment are high value items, whereby one piece of equipment can costs millions
There are no gadgets to be installed on the machines as the system is based on the exchange of data; hence, we believe that the cost of deploying and managing this system is manageable while the benefits will exceed the cost by far.