Relationship between Safety Investment and Safety Performance Indices Considering the Project Hazard Level in Construction Industry

Introduction: Each country needs to preserve its human capital through preventing accidents for its development. Therefore, this study is carried out to study the relationship between safety investments and safety performance indices considering the interactive effect of the project hazard level in construction industry. Material and Methods: This study was conducted using multiple case studies in 5 major construction worksites, in Tehran, in 2019. Data was collected using questionnaire, checklists and interview as well as evaluating the safety documents. The data analysis in this study was carried out using SPSS 18. Results: There was a strong inverse correlation between safety investments (total safety investment, basic safety investment, and voluntary safety investment) and accident frequency rate (AFR) (r=-0.936, P-value<0.05), and there was a direct strong correlation between safety investment and safety performance (P-value<0.05, r=0.939). Also, the effect of various safety investments on safety performance indices under various project conditions (project hazard levels) was not the same; when the project hazard level was high, the effect of safety investments on safety performance was higher. Conclusion: Increasing safety investment improves safety performance through decreasing the accidents. Also, investment in both safety components (basic safety investment and voluntary safety investment) might improve safety performance. The results of the current study can be used as a basis by the contractors and construction companies to invest in safety and to determine proper budget for managing safety of construction projects.