The construction industry has entered a recession that has affected virtually every region and market. The downturn has had its most immediate impact on the design professionals on the front end of projects. For the world’s largest engineers and architects, this means now is a good time to reexamine their services and strategies. Related Links: View more industry sectors from ENR's 2009 Global Sourcebook View complete Global Sourcebook with market data and analysis Only a short time ago, the world market was one of the hottest most large design firms had ever seen. Many firms worried market sectors were close
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.