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About IRB

Why an independent perspective exists — and why IRB provides it.

Every discipline on a project carries a distinct and valuable responsibility. IRB was founded on the recognition that independent commercial governance is not always separately defined within the conventional project structure.

A standard, before it was a firm.
Owen Hearty, Managing Director of IRB

Owen Hearty is a Fellow of the Royal Institution of Chartered Surveyors (FRICS) and commercial adviser with more than two decades of experience across project delivery, commercial management, contract strategy and dispute resolution. He established IRB to provide senior, independent commercial judgement at the points where decisions are difficult to reverse, and where conventional project reporting may not provide the full picture.

That experience — spent on both the delivery side and the dispute-resolution side of major projects — revealed a consistent pattern: by the time a commercial risk is visible enough for everyone to agree on it, it has usually already become expensive. Not because any individual discipline failed, but because none of them is mandated to test the commercial decision independently, early, with no other stake in the outcome. IRB exists to provide that specific, additional function.

Depth across sectors, procurement routes and commercial disciplines.
Sectors

Education, hospitality, office, residential and industrial capital programmes.

Procurement Routes

Traditional, design-and-build and EPC contract structures.

Commercial Disciplines

Quantity surveying, procurement strategy, contract strategy, FIDIC contract administration, variation and final account negotiation, construction dispute avoidance and resolution, commercial risk management, and commercial governance.

Regional Presence

IRB is headquartered in Brunei Darussalam and advises clients across Southeast Asia and selected international markets.

The experience described reflects the professional background and judgement that inform IRB's advisory approach.

Owen Hearty at IRB's office in Brunei Darussalam
Owen Hearty, at IRB's office in Brunei Darussalam.
Selected experience across major construction, infrastructure and development programmes.
Project TypeRoleProcurement RouteCommercial Value RangeLocation
Major Education ProgrammesCommercial & contract advisoryTraditional / Design-and-BuildUp to £1.1bn (portfolio)Ireland & UK
Luxury Hotels & ResortsCommercial & contract advisoryTraditional / Design-and-BuildUp to £200mIreland & UK
Commercial Office & Mixed-Use DevelopmentsCommercial & contract advisoryTraditional / Design-and-BuildUp to £300mIreland & UK
Residential & Mixed-UseCommercial & contract advisoryTraditional / Design-and-BuildUp to £500mIreland & UK
Cross-Border ProcurementContract & procurement reviewVarious, including EPCUp to US$250mBrunei, Dubai, Malaysia & Singapore

Project references describe Owen Hearty's professional experience and do not imply IRB acted on every project.

Professional Status

Fellow, Royal Institution of Chartered Surveyors (FRICS)
Fellow, Society of Chartered Surveyors Ireland (FSCSI)
Accredited Mediator, Brunei Darussalam Arbitration Centre (BDAC)

Governance Experience

Founder & Managing Director, IRB Management. Non-executive board experience across professional services and technology sectors.

The IRB monogram: three vertical structural elements within a protective form

The IRB monogram combines three structural elements within a protective form. It represents the principles on which the practice is built: Integrity, Reliability and Balance.

Integrity

Independent, ethical and transparent advice.

Reliability

Consistent judgement, clearly communicated and delivered as agreed.

Balance

Commercial, contractual and delivery considerations assessed together, not in isolation.

The IRB Governance Framework — Plan, Procure, Protect, Perform.

Four questions, applied at the points in a project's life where independent judgement changes the outcome most. See the full framework

Bring us the decision you're about to make.

A confidential enquiry is the fastest way to find out whether independent governance changes it.