Construction Cost Estimator
About The Position
JLL empowers individuals to shape a brighter future in real estate by combining world-class services, advisory, and technology for clients. The company is committed to hiring talented people and empowering them to thrive, grow meaningful careers, and find a sense of belonging. This role supports the development and recommendations of cost estimates for projects within the client's Real Estate multi-year capital plan. It involves reviewing and adjusting budget estimates based on market conditions, developing and tracking detailed cost estimates for project funding, and collaborating with various internal and external stakeholders. The position functions as a Subject Matter Expert (SME) in cost monitoring, solutioning, value engineering, vendor proposal and bid evaluation, and closeout reconciliation, aiming to provide superior client service and enhance cost controls through efficiency and process improvement.
Requirements
- Ability to work and communicate effectively within cross-functional teams and interact with internal and external clients and stakeholders
- Strong understanding of real estate asset management
- Highly organized with attention to detail
- Strong analytical skills and mathematical abilities
Nice To Haves
- Bachelor’s degree from an accredited institution in Accounting, Business, Architecture, Engineering, or Construction Management strongly preferred
- 5-10 years of construction, estimating or project controls experience
- Knowledge of industry standards and market conditions, costs, and cost databases
- Broad background of project management budgets and schedules
- Proficiency in estimating software and spreadsheets
Responsibilities
- Support the development and recommendations of cost estimates for projects in the account/Client Real Estate multi-year capital plan
- Review capital plan annually and adjust budget estimates based on market conditions and other factors that impact costs
- Review, develop, track, and update detailed cost estimates and budgets during project development and design for inclusion in project funding packages
- Interact and collaborate with various internal and external clients, stakeholders, internal service providers, project managers, and vendors during development of ROM and detailed budgets
- Function as SME and consultant assisting with cost monitoring, solutioning, value engineering, vendor proposal and bid evaluation, and closeout reconciliation
- Compare budget costs to benchmark pricing information, analyze quantities, and scope items
- Support in developing and maintaining project historical cost benchmark for various project types
- Prioritize requests to meet or exceed the Client’s expectations
- Provide superior client service through objective recommendations
- Enhance overall cost controls service delivery by increasing efficiency and improving processes
- Enhance own professional and personal skills
- Provide and maintain accurate and organized records of cost estimates including detailed breakdowns of costs, assumptions, and risk assessments
- Inform risk register and contingency cost allocations regarding known or possible market, pricing, or supply chain events that may potentially affect project execution or delivery
- Maintain understanding and impacts of market conditions in Client’s territories where projects are being executed and stay updated on industry best practices and market trends
- Build rapport with internal and external stakeholders including Client’s Real Estate team and internal service providers, project management team, design partners, and contractors
- Adhere to standard cadence of check-ins with internal and external stakeholders to verify alignment of project understanding, assumptions, and factors impacting costs and provide comparison feedback to project management and Client Real Estate teams
- Periodically compare and verify actual costs against approved budgets and detailed cost estimates then track and report any deviations, variances, or risks
- Comply with all JLL policies and procedures, including but not limited to ethics and business practice
Benefits
- 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
- Early access to earned wages through Daily Pay
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
