JLL Senior Executive Operations Interview Questions and Answers

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.

Ind AS 115 deals with revenue recognition while amendments in Sch III relate to changes in financial reporting requirements.

• Ind AS 115 provides guidance on when and how to recognize revenue in financial statements.

• Amendments in Schedule III of the Companies Act, 2013, include changes in the format and disclosure requirements for financial statements.

• Both Ind AS 115 and amendments in Sch III aim to improve transparency

I have experience in negotiating lease agreements, conducting market research, and analyzing lease terms.

• Negotiated lease agreements with potential tenants

• Conducted market research to identify potential tenants and market trends

• Analyzed lease terms to ensure favorable conditions for the company

Seeking new challenges and opportunities for growth and development.

• Looking to expand my skill set and knowledge in a new environment

• Interested in taking on more responsibilities and leadership roles

• Seeking a change in work culture or company values

• Wanting to explore different industries or sectors

• Hoping to advance my career and reach new heights

Rent to Revenue Ratio is a financial metric used to evaluate the relationship between rental income and total revenue.

• It is calculated by dividing total rental income by total revenue.

• A higher ratio indicates that a larger portion of revenue is coming from rental income.

• It is commonly used in real estate and property management to assess the performance of rental properties.

• For example, if a company has $100,000 in ren...read more

I recently leased a new car for my daily commute to work.

• Leased a new car from XYZ dealership

• Chose a compact sedan model for fuel efficiency

• Signed a 3-year lease agreement with monthly payments

I would consider expanding into the luxury skincare market with a brand focused on natural ingredients and sustainable packaging.

• Research market trends in luxury skincare

• Identify gaps in the market for natural and sustainable skincare products

• Develop a unique brand identity and product line

• Collaborate with influencers and beauty experts for brand promotion

The relation in the market refers to the connection and interaction between different market participants, such as buyers, sellers, competitors, and regulators.

• Market relations can impact pricing strategies and competition among businesses.

• Strong relationships with suppliers and distributors can lead to better supply chain management.

• Understanding consumer preferences and behaviors is crucial for building successful ma...read more

I have previous experience in managing a team and overseeing daily operations.

• Managed a team of 10 employees and ensured smooth workflow

• Developed and implemented strategies to improve productivity and efficiency

• Handled customer complaints and resolved issues effectively

• Trained new employees on company policies and procedures

• Conducted performance evaluations and provided feedback to team members

Project management is the practice of initiating, planning, executing, controlling, and closing the work of a team to achieve specific goals and meet specific success criteria.

• Involves initiating, planning, executing, controlling, and closing a project

• Focuses on achieving specific goals and success criteria

• Requires effective communication, coordination, and resource management

• Uses tools like Gantt charts, project sched...read more

I prioritize tasks, set clear deadlines, delegate responsibilities, and regularly communicate with team members to ensure timely completion.

• Prioritize tasks based on importance and urgency

• Set clear deadlines for each task and overall project

• Delegate responsibilities to team members based on their strengths and workload

• Regularly communicate with team members to track progress and address any obstacles

• Use project managem...read more

Expected salary is negotiable based on the responsibilities and benefits offered by the company. Currently earning $XX,XXX per year.

• Expected salary is based on the responsibilities and benefits offered by the company.

• Currently earning $XX,XXX per year.

• Open to discussing salary based on the position and company's compensation package.

Yes, I am open to relocating for the right opportunity.

• I am open to exploring new locations for career growth

• I have relocated for previous job opportunities and am comfortable with the process

• I understand the benefits of relocating for career advancement