As we head into the New Year, the challenges faced by the construction industry are greater than previously experienced. Not only is the industry, along with the wider economy, in a deep recession, but it is facing unprecedented levels of risk. Managing the risk is key to managing the impact of the recession.

In the attached paper, Davis Langdon offers an overview of the current economy as it affects the US construction industry, and suggestions for addressing the major risks facing project teams. Click on the following link to download the report: http://www.davislangdon.com/USA/Research/ResearchFinder/2009-Market-Update---A-Guide-to-Working-in-a-Recession/