ANALYSIS OF IMPACT OF CONSTRUCTION ACCIDENTS AND THEIR COST OF PREVENTION AND CONSEQUENCES IN HSE

Abstract

Construction sector is amongst the most hazardous sector in terms of health and safety of the workers and employees. Construction sites are prone to accidents from very low to catastrophic severity impacts. Construction sector is amongst the most hazardous sector in terms of health and safety of the workers and employees. Construction sites are prone to accidents from very low to catastrophic severity impacts. Any accident on site has significant impact on the productivity of the worker, quality and this leads to time overrun and hence hampers the project pace and cost. The aim of this research is to identify costs associated with safety measures of construction projects and compare it with costs of consequences of these accidents during construction works. The study shows that by applying proper safety measures the client or contractor can save money, goodwill, delay of work and many other unexpected situations. The seminar covered 3 case studies to calculate activity wise cost of safety preventions and cost of accidents and the results shows that the cost of prevention for a project varies between 0.8 to 1.5% of the total cost of the project which includes all the cost of safety from PPEs to Site safety Management. Whereas the cost of consequences of accidents reaches high with direct and indirect cost factors 2-3 % of total project cost. So study aims to encourage the contractors and clients to better understand the cost of safety & cost of accidents so that they can effectively implement and manage their site in terms of health Safety & environment for the workers.