Is there a Correlation between Contractor’s Health and Safety Performance and their Profit Margin?

Conference paper

Naoum, S., Hemmings, B. and Fong, D. (2011). Is there a Correlation between Contractor’s Health and Safety Performance and their Profit Margin? ISEC 2011 - 6th International Structural Engineering and Construction Conference: Modern Methods and Advances in Structural Engineering and Construction. Zurich, Switzerland 21 - 26 Jun 2011
AuthorsNaoum, S., Hemmings, B. and Fong, D.
TypeConference paper
Abstract

This paper analyses the relationship of on-site health and safety performance and the anticipated profit margin. It reports on the main findings of the research which includes the analysis of historical safety records of 22 construction projects and their profit margins. A scoring system was adapted to measure performance and profit. Analysis of the results indicates that the better the health and safety score of a project the more profit that project is likely to make and vice versa. In short, projects that recorded safety incidents during construction have also made a loss in their profit margins as a result of fall in productivity, disruption and penalties.

KeywordsHealth and Safety, construction project, performance, productivity, profit
Year2011
JournalISEC 2011 - 6th International Structural Engineering and Construction Conference: Modern Methods and Advances in Structural Engineering and Construction
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Print21 Jun 2011
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Deposited04 Apr 2023
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ISEC paper on Safety and Profit ver2.pdf
License: CC BY 4.0
File access level: Open

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