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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Cutting cost is easy. Cutting cost while protecting design intent, brand standards and asset value is the discipline that actually pays.
Value engineering has a bad reputation with designers, and often deserves it. Done late and driven only by a budget gap, it becomes substitution — cheaper finishes, thinner specifications, a building that reads as compromised for the next twenty years.
Proper value engineering asks what each element is required to do, then asks whether there is a better way to achieve that function at lower whole-life cost. Sometimes the answer costs more up front and less over the asset’s life. That is still value engineering.
The capacity to influence cost collapses as design develops. A structural or systems decision reconsidered during schematic design costs a meeting. The same decision reconsidered during construction costs a variation, a delay and a relationship.
Recognised suppliers know where their products are over-specified and where the real lead-time risks sit. Involving them during option development — not just at tender — routinely surfaces savings that no desktop review would find.
Every alternative should carry an accurate cost model and an assessment against quality, risk and long-term value. Then the owner decides. The role of the project manager is to make the trade-off visible, not to make it quietly.
Have a project where this applies? We are happy to look at it with you.hello@asg-cr.com
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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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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.