Development Estimator

Job Title : Development Estimator

Position Summary

The Development Estimator is responsible for preparing accurate conceptual, schematic, and detailed cost estimates for commercial real estate development projects. This role supports the development team by providing cost analysis during underwriting, design, and pre-construction phases to ensure project feasibility, budget alignment, and informed decision-making. The ideal candidate combines strong construction knowledge with a development-oriented mindset and the ability to estimate with limited design information.

Key Responsibilities

Cost Estimating & Budgeting

Prepare conceptual, schematic, and detailed construction cost estimates for ground-up and redevelopment projects

Develop and maintain project budgets from feasibility through construction documentation

Perform quantity takeoffs and pricing based on drawings, specifications, and conceptual narratives

Evaluate alternative design and construction approaches to optimize costs

Pre-Development & Feasibility Support

Support development underwriting by providing early-stage cost models and assumptions

Assist with pro forma development, cost benchmarking, and sensitivity analysis

Identify cost risks, escalation factors, and contingencies

Design & Consultant Coordination

Collaborate with architects, engineers, and development project managers during design phases

Review consultant drawings and specifications for cost impacts and constructability

Track design changes and update estimates accordingly

Vendor & Market Analysis

Solicit and analyze subcontractor, vendor, and contractor pricing as required

Maintain up-to-date knowledge of material, labor, and market cost trends

Develop and maintain cost databases and benchmarking tools

Reporting & Documentation

Prepare clear cost reports, summaries, and presentations for internal stakeholders

Assist with value engineering exercises and cost reconciliation

Support pre-construction handoff to construction and project management teams

Qualifications & Experience

Bachelor's degree in Construction Management, Engineering, Architecture, or related field (preferred)

5+ years of experience in estimating, pre-construction, or development cost analysis

Experience with commercial real estate projects (office, retail, industrial, or mixed-use)

Strong understanding of construction methods, materials, and pricing

Ability to estimate with incomplete or conceptual design information

Technical Skills

Proficiency with estimating and takeoff software (e.g., Bluebeam, On-Screen Takeoff, PlanSwift)

Strong Excel skills and familiarity with development budgets and pro formas

Experience working with project management platforms (e.g., Procore) a plus

Preferred Qualifications

Experience working for a developer, GC, or design-build firm

Knowledge of value engineering and life-cycle cost analysis

Strong analytical, organizational, and communication skills

Work Environment

Office-based with collaboration across development and construction teams

Occasional site visits and consultant meetings

Pay Range : $70,000 - $100,000