Benefits of the COR™ Program
Whether operating in the Industrial/Commercial/Institutional, Road Building or Residential sector, construction companies are continuously faced with competitive issues, such as intense competition for contracts and labour, and escalating operating costs.
The COR™ Program is a means by which companies can reduce costs, improve profitability, and further professionalize the industry, while making the workplace safer for everyone.
Benefits for Construction Industry Employers:
- helps reduce the number and frequency of incidents, accidents, injuries, and fatalities
- increases protection from OH&S liability and helps in establishing due diligence
- helps lower lost-time claim rates
- helps reduce risk of damage to equipment and property
- provides province-wide access to affordable, appropriate, and industry-specific safety training
- helps create a level playing field in which all contractors meet required health and safety standards
- helps lower workers compensation assessment rates in the long-term
- can result in fewer work interruptions
- improves competitiveness and profitability
- removes trade barriers with provinces that have a COR™ requirement
- third party verification of health and safety practices
- improves record keeping
- assists with recruitment and retention of workers – ‘Employer of Choice’
- COR™ is the standard for PRIME refunds for construction companies FAQ about PRIME
- It’s the bid document required by many government departments, agencies, and private business purchasers, especially on large projects. Provincial government policy states that all firms bidding on government funded contracts of any value must have a valid Letter of Good Standing under the COR™ Program, as is issued by the NLCSA. This policy also applies to any firms outside the province bidding on such contracts. List of Purchasers Requiring an NLCSA Letter of Good Standing under the COR™ Program.
Benefits for Construction Workers and Sub-trades:
- creates a healthier and safer work environment
- increases protection from OH&S liability and helps in establishing due diligence
- raises safety awareness levels
- improves morale and productivity
- provides portable safety training skills
Benefits for Owners and Purchasers:
- increases protection from OH&S liability and helps in establishing due diligence
- results in fewer project delays and less down time
- helps protect interest and assets
- helps lower project costs
- demonstrates that the builder has NLCSA-prescribed safety training
- provides third party verification of the builder’s safety program through a COR™ audit
- demonstrates the owner’s/purchaser’s commitment to health and safety
Benefits for the Public:
- competitive economy means greater employment opportunities
- education and awareness transfers to activities outside the workplace
- fewer social costs (e.g., health care)
- greater protection of the public when interacting on work sites