The impact of health and safety investment on construction company costs

The effect of early supplier engagement on social sustainability outcomes in project-based supply chains

“…This includes not only profitability needs of the organization and its investors, but also of the environment and people impacted by the operations of the organization (Elkington, 1999). The interdependence between the three can be seen through the lens of construction worker safety, as the societal impacts of an accident or fatality are easy to recognize in addition to the financial effects on the organization (Feng et al, 2015;López-Alonso et al, 2013). Issues such as these illustrate how sustainability initiatives can be "a source of opportunity, innovation, and competitive advantage", but the implementation of these initiatives are "so fragmented and so disconnected from business and strategy as to obscure many of the greatest opportunities for companies to benefit society" (Porter and Kramer, 2006, p. 2).…”

Preliminary Survey of Safety and Health Cost Framework for Urban Rail Infrastructure Project in Malaysia

“…This is because, firstly, they are based on studies carried out in the manufacturing sector, and secondly, the use of the traditional models which are applied for analysing these costs is limited to identifying and classifying them. López-Alonso et al (2013) believed these models should be tailored to each company according to its own circumstances. There are a few economic safety cost models from different countries such as Singapore, United Kingdom, Australia and Malaysia.…”

“…These factors have been suggested to have an influence on the general safety issue at the workplace. López-Alonso et al (2013), reported that the rate of accidents at the construction workplace is higher compared to other sectors. It encounters very complex practices, which includes the clients or the project owners, the contractors, which can be divided further into main contractors, subcontractors and specialist contractors, the designers, which includes all of the project consultants and the suppliers.…”

A Conceptual Framework of Safety and Health in Construction Management

“…Firstly, because they are based on studies carried out in the manufacturing sector; and secondly because the traditional models for analyzing these costs are limited to identifying and classifying them [32]. This calculation models need to be improved.…”

“…Thus preventing accidents is the best management strategy in reducing accidents costs [42]. [32] found that the cost related to safety and health in the workplace can be classified into three groups as follows:…”