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Safety the company. When incidents do occur, we recognize
the loss in direct costs, such as medical expenses
and insurance premiums. The true cost of incidents,
with Jim Grant however, includes many indirect or hidden costs.
Vice President, Safety & Field These can be loss of production, schedule impacts,
Operations damaged materials, re-work and management time. In
fact, indirect costs of an incident can range between
Keeping our team members safe — it’s an three to ten times that of the direct costs. These costs
important part of our business can have a direct impact on the company’s bottom
Gray’s safety culture is vital to our company. It’s so line. For an incident that cost Gray $100,000 in costs,
important; it’s our first core value: “We put safety and Gray would need $3-$5 million in sales to make up for
quality of life first.” Keeping everyone safe so they may that loss.
return home to their loved ones is our primary goal – it’s This even holds true during this time as we work
at our core, in our DNA. through the COVID pandemic. Doing our part by
While keeping people safe will always be our top following the guidelines, and leading others to do the
commitment, safety is an important aspect of our same and also making good decisions away from work
2 business. In fact, its importance touches nearly every protects, you, your family, friends and the other team
facet of our business. We all have heard “sales is the member around you. A positive case can have the
tip of the spear” and “price wins jobs.” That is true, but same effect as an incident.
Safety can impact (and enhance) our ability to sell jobs The most important impact of safety is keeping our
in several ways. Our safety program and solid safety employees safe and healthy. During this difficult time,
execution drives our safety rates down, which allows you have shown up and stayed true to our Purpose
Gray to become pre-qualified in order to compete and Values. We have immense pride and gratitude
on the biggest projects with the most demanding for you, as you have demonstrated support for one
clients. Further, in competing for the elite jobs in our another, our customers and the thousands of workers
industry against the toughest and most sophisticated and the communities we serve. Maintaining our award-
competition, our safety program gives us a strong winning safety program and continually striving to make
competitive advantage in making the sale. Safety sure everyone associated with Gray goes home at the
impacts sales. end of the day the same way they came to work. We
As history has shown, the unfortunate reality is that a can increase safety, sales and our profit margin; a true
lack of safety can have a negative financial impact on win-win-win!

Safety Statistics Commitment to Safety

All statistics reported for Gray are cumulative for Calendar Year 2020

Our hearts go out to the family of Gonzalo
Zuniga, a contractor employee who was fatally Zac Slone
injured on a GrayWest jobsite. This incident Project Engineer
reminds us how dangerous our industry is and
how every decision we make is critical when 1 years, 2 months with Gray
working on a jobsite.

1 Fatality "My commitment is to always

Majors have safe practices on and off
1 (Disabling Accidents)
the jobsite for the benefit of
Recordable Accident
17 (Off Work, Limited Work, myself and others around me."
and No Lost Time)
153 56 A goal of zero lost time incidents means there is a level of acceptance of other types of incidents that do not lead to lost time. When other incidents
are accepted, then we increase the chance that lost time, and more severe incidents will occur. The triangle graphic above is an illustration of
this. Gray’s focus is to stop all incidents, by starting at the very bottom of the triangle. If we eliminate all incidents, then we eliminate the possibility
Near Miss / Property Damage First Aid / Injury but not recordable of the catastrophic incident. By definition, a lost time incident is an injury event that causes a worker to miss at least one day of work. A safety
incident is any event that needs to be tracked and recorded regardless of whether medical attention was required or not.