Improving Safety Helps Improve the Bottom Line

Serial Information: Civil Engineering—ASCE, 1982, Vol. 52, Issue 10, Pg. 47-50


Document Type: Feature article

Abstract:

A recent study by the Business Roundtable, drawing on research conducted by the civil engineering department of Stanford University, estimated that accidents cost the construction industry's industrial, utility, and commercial sectors nearly $9 billion a year. By making reasonable deductions in the frequency and severity of workplace accidents, the study concludes, the industry could save an annual $2.75 billion. This article presents a condensed version of the Business Roundtable report, detailing the economic impacts of construction accidents and the potential savings to owners and contractors if safety programs are established. The article also describes how owners may select safe contractors and use their influence to improve contractor safety.

Subject Headings: Occupational safety | Contracts and subcontracts | Safety | Owners | Construction management | Construction industry | Commercial construction

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