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Q5 Regarding the safety construction concept. Construction accidents are classified based on their severity: high severity, acceptable severity, and low severity Based on some details

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Q5 Regarding the safety construction concept. Construction accidents are classified based on their severity: high severity, acceptable severity, and low severity Based on some details that state that if the average accident rate is more than 10%, the fine payment will be 20% out of final profit, if the average accident rate is between 5-10%, the fine payment will be the same average accident rate already calculated multiplied by the final profit Otherwise, the fine payment will be 001% of the budget cost Calculate the fine payment for (6 marks) 1. Company 1 has a high severity accident rate of 6% the average severity accident is 8%, and the low severity accident is 10% The final profit is 7% out of the budget cost, and the budget cost is 125,000s No "Voluntary Protection Program will be applied 2. Company 2 has the rate of high severity accidents at 17%, the average severity accident is 20%, and the low severity accident is 17%. The final profit is 7 out of the budget cost, and the budget cost is 300.000s. Voluntary Protection Program will be applied to reduce the accident rate 3. Company 3 has the rate of high severity accidents at 2%, the average severity accident is 396, and the low severity accident is 4%. The final profit is 5 out of the final budget cost, and the budget cost is 140.0005 No Voluntary Protection Program will be applied

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