JLL Valuation & Advisory Services, LLC

JLL Valuation & Advisory Services, LLC, a subsidiary of Jones Lang LaSalle Americas, Inc., provides expert witness services, real estate appraisal, and litigation support to federal agencies as a prime contractor on full-and-open procurements without small business certifications. The company competes exclusively in open federal markets and operates from Chicago, Illinois with secondary performance locations across multiple regions including Atlanta, New York, and Alameda, California.

The company's federal work concentrates on litigation support and property valuation across three capability areas grounded in recent awards. Expert witness and litigation support services dominate the portfolio — including $1.2 million in combined expert witness services for IRS Chief Counsel litigation (definitive contract, labor-hour pricing, ultimate completion February 2030), a $1.1 million time-and-materials purchase order from the Department of Justice Environment and Natural Resources Division for expert witness services through February 2029, and a $1.9 million time-and-materials purchase order from the Department of Justice Tax Division for expert witness services through December 2026. Real estate appraisal and valuation work includes a $50 million blanket purchase agreement with the Army Corps of Engineers for real estate appraisal services across four western states, a $249 thousand definitive contract with the VA Technology Acquisition Center for real estate appraisal and consultation support (April 2025 to April 2026), and a $20.7 thousand firm-fixed-price definitive contract with the Coast Guard for fair market value yellow book appraisal of Alameda Point parcels (April 2026). Forensic accounting and tax-abatement assistance round out the capability set through multiple IRS contracts spanning audit defense representation, forensic accounting, and conservation easement valuation.

Customer concentration is heavily skewed toward the Internal Revenue Service and the Department of Justice. The IRS accounts for 23 awards (62% of the award count) carrying $6.9 million in combined potential value, making it by far the dominant customer. The Department of Justice Environment and Natural Resources Division holds 5 awards ($1.4 million combined potential value), and the Tax Division holds 2 awards ($2.1 million combined potential value). However, the Army Corps of Engineers single $50 million blanket purchase agreement anchors the combined potential-value distribution — that vehicle alone represents 82% of the company's total $60.8 million combined potential value across all 37 awards, creating a stark divergence between award-count concentration (IRS dominance) and dollar concentration (Corps of Engineers dominance). The GSA Public Buildings Service Region 5 and the VA Technology Acquisition Center account for secondary engagement.

The company operates exclusively as a prime contractor — all 37 awards in the portfolio are prime positions with zero subcontract awards. On SCI-reportable federal service contracts (the subset above $150,000), the vendor delivered roughly 1.3 FTEs in FY2022, zero FTEs in FY2023, 4.3 FTEs in FY2024, and 0.8 FTEs in FY2025, with $2.1 million in SCI-reportable invoiced revenue concentrated in FY2024. SCI data across prime records show zero average sub-hours share, indicating the vendor builds its own delivery teams on contract work rather than engaging subcontractors. Government-paid hourly rates on federal services contracts captured in SCI run median $299.74 per hour, with senior labor pricing reaching the 90th percentile at $1,571.89 per hour, reflecting the expert and specialized nature of the work.

Activity has been volatile year to year — eight awards in 2022, six in 2023, one in 2024, five in 2025, and six through mid-2026. Recompete exposure is material: ten awards with ultimate completion dates in the next twenty-four months carry combined potential value of $4.5 million, including multiple IRS expert witness services contracts and Department of Justice litigation support orders. The parent company Jones Lang LaSalle Americas, Inc. operates broadly in commercial real estate and facility management for government clients, positioning the subsidiary as a specialized litigation and valuation practitioner within that larger enterprise footprint.