JLL Assistant Manager Interview Questions and Answers

Cap rate is a real estate metric used to determine the potential return on investment.

• Cap rate stands for capitalization rate.

• It is calculated by dividing the net operating income (NOI) by the property's value.

• The result is expressed as a percentage and represents the rate of return an investor can expect from the property.

• A higher cap rate indicates a higher potential return on investment, but may also indicate higher...read more

A BOQ stands for Bill of Quantities, which is a document used in construction projects to list the materials, parts, and labor needed for a project.

• A BOQ is typically prepared by a quantity surveyor or estimator.

• It includes detailed information on quantities, unit rates, and total costs for each item in the project.

• BOQs are used to help contractors and clients understand the scope of work and costs involved in a projec...read more

A contract is a legally binding agreement between two or more parties that outlines the terms and conditions of their relationship.

• A contract must involve an offer, acceptance, consideration, and intention to create legal relations.

• Contracts can be written or oral, but written contracts are generally more enforceable.

• Examples of contracts include employment agreements, rental agreements, and sales contracts.

FIDIC stands for International Federation of Consulting Engineers, which publishes standard contracts for the construction industry.

• FIDIC is an acronym for International Federation of Consulting Engineers.

• FIDIC publishes standard contracts for the construction industry.

• FIDIC contracts are commonly used in international construction projects.