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Sun, A C S, Zou, P X W, Long, B and Marix-Evans, P (2010) Case studies of return on investment in contruction safety management. In: Egbu, C (Ed.), Proceedings 26th Annual ARCOM Conference, 6-8 September 2010, Leeds, UK. Association of Researchers in Construction Management, Vol. 1, 243–9.
- Type: Conference Proceedings
- Keywords: return on investment; construction safety; risk management; cost of accident; investment in safety
- ISBN/ISSN: 978-0-9552390-4-5
- URL: http://www.arcom.ac.uk/-docs/proceedings/ar2010-0243-0249_Sun_et_al.pdf
- Abstract:
Expressing the benefits of investing in construction safety management in monetary terms will allow project stakeholders to have a better understanding of the significance and effectiveness of the investment. This paper presents the results of case studies of six building construction projects in relation to the return on investment in construction safety management. The paper is built on the research work that the authors have previously published on the development of the return on investment models. It is found that investing in construction safety management will yield positive outcomes and for the six cases studied, the returns on investment were in the range of 46% to 364% with an average of 214%.