Analysis of work accident cost on occupational safety and health risk handling at construction project of Hasanuddin University the Faculty of Engineering

Objective: To analyze the work accident cost on occupational safety and health risk handling at the construction project of Hasanuddin University Faculty of Engineering. Methods: An explorative study with a retrospective approach, analyzed the occupational acci dent records and Microsoft Excel for the safety cost data. The case samples were: 80 workers at ADHI Company Hasanuddin University Engineering Faculty Construction Project who experience occupational health during the project. The instrument used in this study was a questionnaire and interviews. Results: The results showed that the cost of OSH risk handling in this project is around IDR 956.4 million, the cost of work accidents handling is around IDR 64,534 million, the opportunity cost is around IDR 3475 million, cost of OSH risk controlling program is around IDR 724,275 million. Conclusions: The value of the benefit---cost ratio is 1.2 or ≥1, which means the OSH program cost investment by ADHI Company is categorized as beneficial for the company. The safety cost data presented in this paper may be useful for practitioners to direct resource investment.