Job Description
Job Overview:
JLL empowers you to shape a brighter way.
Our people at JLL and JLL Technologies are shaping the future of real estate for a better world by combining world class services, advisory and technology for our clients. We are committed to hiring the best, most talented people and empowering them to thrive, grow meaningful careers and to find a place where they belong. Whether you’ve got deep experience in commercial real estate, skilled trades or technology, or you’re looking to apply your relevant experience to a new industry, join our team as we help shape a brighter way forward.
Cost Estimator
What this job involves –
As a Cost Estimator, you will play a crucial role in providing project cost estimates for capital plan budgets and detailed budgets for project funding requests., across a very wide range of asset types (Office, Retail and Warehouse Distribution) and project types (interior fit-out, infrastructure aging asset replacement/upgrade, life safety projects, deferred maintenance, refresh and renovation projects, energy and sustainability, as well as FF&E projects. You'll work closely with various stakeholders, internal and external, to develop, review, and update cost estimates, ensuring accurate budgeting and cost control for real estate projects.
Your day-to-day tasks will include:
Business need/justification reviews, while developing scope, budget and risks against an annual and multi-year capital plan
Discern project needs and impacts from a conceptual basis
Apply financial analyses such as net present value, internal rate of return, and life cycle costs
Reviewing and adjusting capital plan budgets annually based on market conditions
Creating and updating detailed cost estimates for project funding packages
Collaborating with internal and external stakeholders on budget development
Functioning as a subject matter expert in cost monitoring and value engineering
Analyzing and comparing budget costs to benchmark pricing information
Developing and maintaining historical cost benchmarks for various project types
Providing superior client service through objective recommendations
Enhancing cost control processes and improving overall service delivery
Desired experience and technical skills -
Required:
Bachelor's degree in Accounting, Business, Architecture, Engineering, or Construction Management
5-10 years of construction, estimating, capital planning, or project controls experience
Knowledge of industry standards, market conditions, costs, and cost databases
Strong communication skills and ability to work in cross-functional teams
Proficiency in estimating software and spreadsheets
Excellent analytical skills and mathematical abilities
Preferred:
Strong understanding of real estate asset management
Experience with project management budgets and schedules
Highly organized with exceptional attention to detail
Familiarity with risk assessment and contingency cost allocation
Knowledge of multiple geographic markets and their specific conditions
Estimated total compensation for this position:
78,360.00 – 97,950.00 USD per yearThe total compensation range is an estimate and not guaranteed. An employment offer is based on an applicant's education, experience, skills, abilities, geographic location, internal equity and alignment with market data .
Location:
On-site –Chicago, ILIf this job description resonates with you, we encourage you to apply, even if you don’t meet all the requirements. We’re interested in getting to know you and what you bring to the table!
Personalized benefits that support personal well-being and growth:
JLL recognizes the impact that the workplace can have on your wellness, so we offer a supportive culture and comprehensive benefits package that prioritizes mental, physical and emotional health. Some of these benefits may include:
401(k) plan with matching company contributions
Comprehensive Medical, Dental & Vision Care
Paid parental leave at 100% of salary
Paid Time Off and Company Holidays
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For candidates in the United States, please see a full copy of our Equal Employment Opportunity and Affirmative Action policy here.
Jones Lang LaSalle (“JLL”) is an Equal Opportunity Employer and is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process – including the online application and/or overall selection process – you may contact us at Accommodation Requests. This email is only to request an accommodation. Please direct any other general recruiting inquiries to our Contact Us page > I want to work for JLL.
Pursuant to the Arizona Civil Rights Act, criminal convictions are not an absolute bar to employment.
Pursuant to Illinois Law, applicants are not obligated to disclose sealed or expunged records of conviction or arrest.
Pursuant to Columbia, SC ordinance, this position is subject to a background check for any convictions directly related to its duties and responsibilities. Only job-related convictions will be considered and will not automatically disqualify the candidate.
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Pursuant to the Los Angeles Fair Chance Initiative for Hiring Ordinance, JLL will consider for employment all qualified Applicants, including those with Criminal Histories, in a manner consistent with the requirements of applicable state and local laws, including the City of Los Angeles’ Fair Chance Initiative for Hiring Ordinance.
Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records.
Accepting applications on an ongoing basis until candidate identified.
