A cost–benefit analysis of construction safety implementation in developing countries

A cost–benefit analysis of construction safety implementation in developing countries

Construction safety is often overlooked but is critical for successful site operations, especially in developing countries, where accidents and fatalities are common. The authors of this study conducted a cost–benefit analysis of construction safety and identified 33 key barriers and safety costs through expert evaluation and a literature review. By surveying 162 construction experts, the authors calculated the cost implications of safety practices and demonstrated the tangible and intangible benefits of safety implementation. The results highlight a clear connection between safety barriers and safety investments, paving the way for better safety performance in developing countries’ construction industries. Suggesting allocating 2.5%–3% of project costs for safety provisions, the study’s authors provide an economic rationale for construction companies to prioritize safety.