JLL - Cost Management 2012

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What are my cost options? Where can I generate value? What are the risks? How can I unlock opportunity? Whatever your financial interest in a property or development - as an owner, investor, developer or occupier - you want to be certain that the planning and management of your capital expenditure is in the most secure hands. With a blend of commercial, technical and contractual expertise, Jones Lang LaSalle is fully equipped to provide you with this support. Our rigorous cost management and procurement advice spans the property lifecycle delivering control and value through your business planning, project delivery and post occupation activities. Our Services Our approach is simple – understand the client and deliver. Across all industry sectors, our clients expect cost efficiency, enhanced control and reduced risk as standard. Our ability to adapt and apply our services to suit their business, political and cultural needs sets us apart in an increasingly diluted market. We focus on delivering value through intelligent capital planning, robust procurement, accurate reporting and controlled contract management of vendors. Our consideration and appreciation of programme, product quality and commercial risk ensures that our advice is balanced and generates the optimum solution for our Clients. Our Cost Management services span the property lifecycle so the following are only indicative of how we can help: Feasibility Estimates Return on Investment Analysis Capital Expenditure Planning Cost Management Process & Procedures Benchmarking and Market Testing Spend Reduction Initiatives Procurement & Contract Strategy Project Budgeting & Value Engineering Tendering & Contract Negotiations Contract Administration Cashflow Analysis & Payment Management Change Management & Price Negotiations Financial Forecasting & Reporting Risk Evaluation & Contingency Management Financial Close Out Whole Life Costing Capital Allowances & Tax Relief Expenditure Audits Re-instatement Valuations The Benefits Informed decision making and control – our detailed cost analysis and pro-active commercial advice ensures investment decisions are based upon comprehensive information delivered at the right time. Optimum value and reduced cost – by understanding the Client’s fundamental business drivers around time, cost and quality our detailed value engineering and robust procurement solutions help deliver the best product for the best price. Transparent risk management - our construction and property expertise enables comprehensive identification, quantification and mitigation of commercial risk. Budget confidence and cost certainty – through forensic budget development, benchmarking and cost analysis we have the ability to forecast out-turn cost and the impact of change throughout the project lifecycle. Cash savings and improved cashflow - by developing accurate budgets and implementing tight cost control procedures we can help unlock cash savings and cashflow benefits that support business planning and growth. Business efficiencies – by aligning our services with our Clients internal procedures and reporting requirements we create process efficiencies allowing them to concentrate on their core business activities. COPYRIGHT © JONES LANG LASALLE IP, INC. 2012. All rights reserved. Project & Development Services: Cost Management

Transcript of JLL - Cost Management 2012

Page 1: JLL - Cost Management 2012

What are my cost options? Where can I generate value? What are the risks? How can I unlock opportunity?

Whatever your financial interest in a property or development - as an owner, investor, developer or occupier - you want to be certain that the planning and management of your capital expenditure is in the most secure hands. With a blend of commercial, technical and contractual expertise, Jones Lang LaSalle is fully equipped to provide you with this support. Our rigorous cost management and procurement advice spans the property lifecycle delivering control and value through your business planning, project delivery and post occupation activities.

Our ServicesOur approach is simple – understand the client and deliver. Across all industry sectors, our clients expect cost efficiency, enhanced control and reduced risk as standard. Our ability to adapt and apply our services to suit their business, political and cultural needs sets us apart in an increasingly diluted market.

We focus on delivering value through intelligent capital planning, robust procurement, accurate reporting and controlled contract management of vendors. Our consideration and appreciation of programme, product quality and commercial risk ensures that our advice is balanced and generates the optimum solution for our Clients.

Our Cost Management services span the property lifecycle so the following are only indicative of how we can help:

• Feasibility Estimates• Return on Investment Analysis• Capital Expenditure Planning• Cost Management Process & Procedures• Benchmarking and Market Testing• Spend Reduction Initiatives• Procurement & Contract Strategy • Project Budgeting & Value Engineering• Tendering & Contract Negotiations• Contract Administration• Cashflow Analysis & Payment Management• Change Management & Price Negotiations• Financial Forecasting & Reporting• Risk Evaluation & Contingency Management• Financial Close Out• Whole Life Costing• Capital Allowances & Tax Relief • Expenditure Audits• Re-instatement Valuations

The Benefits• Informed decision making and control – our detailed

cost analysis and pro-active commercial advice ensures investment decisions are based upon comprehensive information delivered at the right time.

• Optimum value and reduced cost – by understanding the Client’s fundamental business drivers around time, cost and quality our detailed value engineering and robust procurement solutions help deliver the best product for the best price.

• Transparent risk management - our construction and property expertise enables comprehensive identification, quantification and mitigation of commercial risk.

• Budget confidence and cost certainty – through forensic budget development, benchmarking and cost analysis we have the ability to forecast out-turn cost and the impact of change throughout the project lifecycle.

• Cash savings and improved cashflow - by developing accurate budgets and implementing tight cost control procedures we can help unlock cash savings and cashflow benefits that support business planning and growth.

• Business efficiencies – by aligning our services with our Clients internal procedures and reporting requirements we create process efficiencies allowing them to concentrate on their core business activities.

COPYRIGHT © JONES LANG LASALLE IP, INC. 2012. All rights reserved.

Project & Development Services: Cost Management

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Expertise in Action

Abbots House, Reading – Scottish Widows Investment Partnership100,000 sqft refurbishment of occupied commercial premises

ResultsDelivered on programme and budget; BREEAM excellent; increased lettable space; incorporating turnkey Cat B fit out for anchor tenant.

40 Bank Street, Canary Wharf – Shell200,000 sqft fast track office fit out

ResultsDelivered on programme and budget; LEED Gold; incorporated clients New Ways of Working; met business critical migration milestones.

One Tower Bridge – Berkeley Homes375 unit luxury residential development

ResultsDelivered on programme and budget; significant option analysis to maximise sales values and achieve desired quality levels.

Tower of London – City Inn (now Mint Hotels)584 bed hotel development

ResultsDelivered on programme and budget; significant option analysis to maximise units and room rates; robust procurement solution to improve speed to market and mitigate significant logistical site risks.

www.joneslanglasalle.co.uk/costmanagement

COPYRIGHT © JONES LANG LASALLE IP, INC. 2012. All rights reserved.

Our Expertise - P&DS Cost Management

Why Jones Lang LaSalle?• The Cost Management team is an integral part of

Project & Development Services, a multi-disciplinary group of over 200 project managers cost managers and building surveyors, operating out of 16 offices throughout the UK. These resources are co-ordinated to solve any client need and to handle everything from the largest national portfolio to a local one-off project.

• Our professionally-qualified quantity surveyors include specialists in offices, retail, industrial, public sector, hotels, leisure and residential properties, who have an in-depth understanding of the clients, contractors and salient issues within each sector.

• Consistent high-quality advice and delivery, with a focus on clear communication and regular engagement, and with director-level leadership and input on every project or programme.

• Immediate access to the broader expertise and market knowledge of the UK and EMEA’s largest multi-disciplinary property services company, allowing clients to benefit from the seamless integration of expertise.

Contacts

Kane WagstaffDirector - P&DST: +44 (0)20 7852 4617M: +44 (0)7525 [email protected]