ABSTRACT
The crisis in the world’s financial system, which started in 2008, has had a major effect on the construction industry and it now faces the toughest challenges that anybody can remember. Jobs are being cut, salaries are becoming more ‘realistic’ and the modern concepts of sustainability and partnering are being set aside as the core issue of survival concentrates the minds of the industry’s leaders. Indeed, at the time of completing this book in late-2010 there is a very real risk of a ‘double-dip’ recession following further financial crisis, which may make credit even harder to obtain and force severe austerity measures on even the most developed economies in the world.
