7B Commercial · 4 hours ago
Development Estimator
Lubbock, TX
Full-time
Onsite
Mid, Senior Level
$70K/yr - $100K/yr
5+ years exp7B Commercial is seeking a Development Estimator responsible for preparing accurate cost estimates for commercial real estate development projects. This role involves supporting the development team with cost analysis during various project phases to ensure feasibility and budget alignment.
Construction
Responsibilities
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
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
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
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
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
Qualification
Required
Bachelor's degree in Construction Management, Engineering, Architecture, or related field
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
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)
Preferred
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
Company
7B Commercial
7B Commercial is a locally owned and operated firm with proven nationwide expertise.
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
Jake Mahan
Chief Investment Officer
Company data provided by crunchbase