Developing in Costa Rica: what international investors underestimate
Land price and construction cost are the easy numbers. The ones that decide a project’s return are permitting duration, logistics and the quality of local execution.
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An owner’s representative is not an extra layer of reporting. It is the mechanism that keeps technical, financial and operational objectives aligned when the pressure to trade one for another is strongest.
The design team optimises for design. The contractor optimises for buildability and margin. The operator optimises for operations. All three are behaving correctly. Somebody has to optimise for the investment.
Most programme loss on complex projects is decision latency, not production rate. A functioning owner’s representative maintains a live decision register with owners and dates, and escalates before float is consumed rather than after.
Committed cost, forecast final cost, contingency drawdown and change exposure, reported consistently and reconciled to the same baseline every month. When those numbers live in three different spreadsheets, they are not numbers — they are opinions.
Owner-side representation only works if the representative has no commercial interest in the construction contract. That independence is what makes an unwelcome recommendation credible.
You should be able to answer, at any point: what is the forecast cost, does the date hold, what is the largest open risk, and what decision do you need from me this month. If your reporting cannot answer those four questions, it is not owner representation.
Have a project where this applies? We are happy to look at it with you.hello@asg-cr.com
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Leading Vision into Action
Tell us what you are building. We will tell you, honestly, what it will take to deliver it — and what it should cost.