Quantification analysis of safety investment cost and fatal accident cost in construction

In order to promote the voluntary accident prevention efforts of construction project participants, it is necessary to accurately recognize the cost of loss in case of the serious accidents. Therefore, in this study, the quantification method for safety investment cost and fatal accident cost considering the properties of the construction industry was reviewed, and the following three procedures were followed. (i) Data collection and criteria establishment; (ii) Conducting surveys of domestic construction companies; (iii) Quantification analysis of survey results. As the results of this study, the average construction safety investment at 38 sites was calculated as 1,517,967 1,000KRW/site. Also, the average fatal accident of 22 fatal accidents was calculated as 1,984,306 1,000KRW/person. It is expected that construction companies will be able to use this results of this study as a basis for planning the safety investment cost.