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Construction Cost Estimator
Empire State Realty TrustNew York City, United Statesfull_timeVerifiedPosted 24 Feb 2025
About the role
COMPANY SUMMARY
Empire State Realty Trust, Inc. (NYSE: ESRT) is a NYC-focused REIT that owns and operates a portfolio of well-leased, top of tier, modernized, amenitized, and well-located office, retail, and multifamily assets. ESRT’s flagship Empire State Building, the “World's Most Famous Building,” features its iconic Observatory that was declared the #1 Attraction in the World – and the #1 Attraction in the U.S. for the third consecutive year – in Tripadvisor’s 2024 Travelers’ Choice Awards: Best of the Best Things to Do. The Company is the recognized leader in energy efficiency and indoor environmental quality. As of December 31, 2024, ESRT’s portfolio is comprised of approximately 7.8 million rentable square feet of office space, 0.8 million rentable square feet of retail space and 732 residential units. More information about Empire State Realty Trust can be found at esrtreit.com and by following ESRT on Facebook, Instagram, TikTok, X, and LinkedIn.
The dedicated team at ESRT is a collection of diverse individuals with a shared passion for excellence and a keen eye toward future growth. Headquartered in New York City, we harness the energy of the city in everything we do. We care for one another, work hard, and have a lot of fun doing it! We are Certified™ as a Great Place to Work® by the global authority, Great Place to Work®, on workplace culture, employee experience, and leadership behaviors. We prioritize and invest in the health and wellness of employees to attract, develop, and retain top-tier talent. ESRT values continuous employee development and encourages colleagues to excel in their roles and adapt to emerging business needs. From our crown jewel, The Empire State Building, to incredible buildings modernized for the 21st century, to outstanding customer service, and our decade-long leadership position in sustainability and energy efficient portfolio that is 100% fully powered by renewable wind electricity, we take pride in our work. ESRT seeks an equally passionate colleague to join the team, understand the vision and help achieve that vision.
POSITION SUMMARY
Empire State Realty Trust (ESRT) is actively seeking a meticulous Construction Cost Estimator to enhance our project planning and financial forecasting. In this role, you will be instrumental in analyzing project documents to craft detailed cost estimates, evaluating contractor bids, and steering contract negotiations. You will collaborate with internal project managers and leasing personnel, as well as external engineers, architects, and clients to ensure that projects not only meet but exceed our standards for quality, timeliness, and budget adherence.
Empire State Realty Trust, Inc. (NYSE: ESRT) is a NYC-focused REIT that owns and operates a portfolio of well-leased, top of tier, modernized, amenitized, and well-located office, retail, and multifamily assets. ESRT’s flagship Empire State Building, the “World's Most Famous Building,” features its iconic Observatory that was declared the #1 Attraction in the World – and the #1 Attraction in the U.S. for the third consecutive year – in Tripadvisor’s 2024 Travelers’ Choice Awards: Best of the Best Things to Do. The Company is the recognized leader in energy efficiency and indoor environmental quality. As of December 31, 2024, ESRT’s portfolio is comprised of approximately 7.8 million rentable square feet of office space, 0.8 million rentable square feet of retail space and 732 residential units. More information about Empire State Realty Trust can be found at esrtreit.com and by following ESRT on Facebook, Instagram, TikTok, X, and LinkedIn.
The dedicated team at ESRT is a collection of diverse individuals with a shared passion for excellence and a keen eye toward future growth. Headquartered in New York City, we harness the energy of the city in everything we do. We care for one another, work hard, and have a lot of fun doing it! We are Certified™ as a Great Place to Work® by the global authority, Great Place to Work®, on workplace culture, employee experience, and leadership behaviors. We prioritize and invest in the health and wellness of employees to attract, develop, and retain top-tier talent. ESRT values continuous employee development and encourages colleagues to excel in their roles and adapt to emerging business needs. From our crown jewel, The Empire State Building, to incredible buildings modernized for the 21st century, to outstanding customer service, and our decade-long leadership position in sustainability and energy efficient portfolio that is 100% fully powered by renewable wind electricity, we take pride in our work. ESRT seeks an equally passionate colleague to join the team, understand the vision and help achieve that vision.
POSITION SUMMARY
Empire State Realty Trust (ESRT) is actively seeking a meticulous Construction Cost Estimator to enhance our project planning and financial forecasting. In this role, you will be instrumental in analyzing project documents to craft detailed cost estimates, evaluating contractor bids, and steering contract negotiations. You will collaborate with internal project managers and leasing personnel, as well as external engineers, architects, and clients to ensure that projects not only meet but exceed our standards for quality, timeliness, and budget adherence.
RESPONSIBILITIES
- Review project plans and specifications to determine the scope and objectives of the project
- Conduct site visits and collect data on materials, labor, equipment, and other factors that affect the project cost
- Prepare detailed and accurate cost estimates using various methods, such as unit pricing, parametric estimating, or computer software
- Analyze and compare contractor bids and quotations and select the best offer
- Negotiate contracts and change orders with contractor, subcontractors, suppliers, and clients
- Monitor and update project costs and budgets throughout the project lifecycle
- Prepare and maintain cost reports and documentation
- Identify and resolve any issues or discrepancies that may arise during the project
- Communicate and collaborate with project stakeholders, such as project managers, leasing staff, engineers, architects, and clients
WHAT SUCCESS LOOKS LIKE
- You are someone who embodies precision and foresight in their role.
- You are a strategic thinker who meticulously analyzes construction costs, ensuring that every estimate aligns with ESRT’s financial objectives and project requirements.
- Your success is marked by your ability to navigate complex data, leveraging their expertise to forecast expenses accurately and identify cost-saving opportunities.
REQUIRED SKILLS / ABILITIES
- Knowledge of construction methods, materials, codes, and regulations
- Proficiency in cost estimating software
- Strong analytical, mathematical, and problem-solving skills
- Excellent communication, negotiation, and interpersonal skills
- Attention to detail and accuracy
- Ability to work independently and as part of a team
- Ability to handle multiple projects and meet deadlines
EDUCATION & EXPERIENCE
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