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