Allocating Safety Cost using in Construction Site
Environments, Health, and Safety (EHS) activities are strongly linked to the concept of sustainability in the current construction industry and consequently absorb more financial and managerial attention. One of major obstacles in EHS costing is that most EHS costs are buried in general overhead cos...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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University North
2023-01-01
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| Series: | Tehnički Glasnik |
| Subjects: | |
| Online Access: | https://hrcak.srce.hr/file/445566 |
| _version_ | 1797206331589918720 |
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| author | Yong-woo Kim Sangchul Kim |
| author_facet | Yong-woo Kim Sangchul Kim |
| author_sort | Yong-woo Kim |
| collection | DOAJ |
| description | Environments, Health, and Safety (EHS) activities are strongly linked to the concept of sustainability in the current construction industry and consequently absorb more financial and managerial attention. One of major obstacles in EHS costing is that most EHS costs are buried in general overhead costs. Therefore, EHS costs lacks transparency, making it hard to allocate EHS costs to relevant construction projects. This paper present a recent study in which a method of activity-based costing (ABC) has been applied to safety costs at a contractor’s home office. The list of safety activities, their cost drivers as well as their cost information on one of Korean general contractor is provided. The authors expect that the application of ABC will improve transparency in costing EHS costs as well as allocating EHS costs to projects. |
| first_indexed | 2024-04-24T09:05:19Z |
| format | Article |
| id | doaj.art-9e2ddb618f9b483080c2d654caaf5353 |
| institution | Directory Open Access Journal |
| issn | 1846-6168 1848-5588 |
| language | English |
| last_indexed | 2024-04-24T09:05:19Z |
| publishDate | 2023-01-01 |
| publisher | University North |
| record_format | Article |
| series | Tehnički Glasnik |
| spelling | doaj.art-9e2ddb618f9b483080c2d654caaf53532024-04-15T18:56:56ZengUniversity NorthTehnički Glasnik1846-61681848-55882023-01-0117459459710.31803/tg-20230104151203Allocating Safety Cost using in Construction SiteYong-woo Kim0Sangchul Kim1Koon Endowed Professor of Construction Management College of Built Environments, University of Washington, Seattle, WA, USA, 98115School of Architecture, Hankyong National University, Anseong-si, Kyonggi-Do, South Korea, 17579Environments, Health, and Safety (EHS) activities are strongly linked to the concept of sustainability in the current construction industry and consequently absorb more financial and managerial attention. One of major obstacles in EHS costing is that most EHS costs are buried in general overhead costs. Therefore, EHS costs lacks transparency, making it hard to allocate EHS costs to relevant construction projects. This paper present a recent study in which a method of activity-based costing (ABC) has been applied to safety costs at a contractor’s home office. The list of safety activities, their cost drivers as well as their cost information on one of Korean general contractor is provided. The authors expect that the application of ABC will improve transparency in costing EHS costs as well as allocating EHS costs to projects.https://hrcak.srce.hr/file/445566budgetsafety accidentsafety managementsafety law |
| spellingShingle | Yong-woo Kim Sangchul Kim Allocating Safety Cost using in Construction Site Tehnički Glasnik budget safety accident safety management safety law |
| title | Allocating Safety Cost using in Construction Site |
| title_full | Allocating Safety Cost using in Construction Site |
| title_fullStr | Allocating Safety Cost using in Construction Site |
| title_full_unstemmed | Allocating Safety Cost using in Construction Site |
| title_short | Allocating Safety Cost using in Construction Site |
| title_sort | allocating safety cost using in construction site |
| topic | budget safety accident safety management safety law |
| url | https://hrcak.srce.hr/file/445566 |
| work_keys_str_mv | AT yongwookim allocatingsafetycostusinginconstructionsite AT sangchulkim allocatingsafetycostusinginconstructionsite |