Vision Statement
We are here to equip you with a level of guidance and knowledge we consider necessary in making a more informed decision on how you proceed with your project.
Statement of Purpose
Our mission is to provide our clients with comprehensive solutions and advise on their implementation. We achieve this through construction analytics, cost management, and precise estimating practices using industry established and proprietary means and methods. We acknowledge you are good at what you do. We also recognize our clients are intelligent and have a firm vision for their projects. It is our goal to be the means to that end.
The Reality
(by Sean M. Foster, Founder/CEO)
“Every function and role in construction is necessary. From the Architect of Record (AOR) all the way through to the last touch-up from the paint professional. Respect for the process and every individual should be given wherever possible. This is a core value I uphold and what I require of my team here at MyRealCost, Inc. If one task, one document, one individual’s role does not happen as intended (or should) then a project couldn’t be completed, and problems will occur—this has an impact on all parties involved.”
“This is where lack of ambiguity is necessary. On the surface, industry standard means and methods attempt to try and keep things fair and equitable for all parties involved. They’re meant to create cohesive guidelines from which all parties start and are able to clearly identify each individual role and responsibility. This may be standard for many, but not everyone in the world of construction acknowledges this philosophy. There are those individuals and organizations that only adhere contractually, as a matter of legality, and that’s where it ends. It’s within the gray areas that those not operating with high-standards tend to try and hide things—to deceive or misdirect. Truth is, an individual or organization does not have to be corrupt to want to try and get away with something.
Fortunately a variety of contractual safeguards exist and are put in place to help eliminate potential problems like those I have drawn attention to. Some of the primary ones we deal with most frequently are as follows:
AIA Contract Documents - A-Series (Owner/Contractor & CMa Agreements), B-Series (Owner/Architect) https://constructiondocuments.aia.org/
The CFR (Code of Federal Regulations) https://www.ecfr.gov/cgi-bin/ECFR?page=browse
The FAR (Federal Acquisition Regulation) https://www.acquisition.gov/browse/index/far
Yet, when it comes to the issue of construction cost, these hidden areas are unfortunately very prevalent. They can be difficult to identify. Many go completely undetected resulting in substantial financial impact, and accepted as business-as-usual. Our focus is not only to identify and isolate areas of problematic cost, but provide profitable solutions to them.”