The Blackstone Group LP

Chief Estimator

The Blackstone Group LP$90K — $120K *
Real Estate & Construction
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 5-7 years of construction estimating experience required.
  • Extensive knowledge of IPC, IMC, and IFC codes for Colorado.
  • Expert level in reading and interpreting construction plans and specifications.
  • Strong understanding of plumbing, mechanical, and HVAC systems.
  • Proficiency in using computerized estimating software, especially Quick Pen.
  • Proven experience in risk identification and cost estimation for diverse projects.
  • Excellent communication skills for client and vendor interactions.

Responsibilities

  • Promote a safe, injury-free work environment for all projects.
  • Coordinate team efforts to produce accurate cost estimates for bids.
  • Solicit and analyze subcontractor/vendor proposals specific to trade disciplines.
  • Oversee development of accurate estimates to optimize project performance.
  • Build and nurture strong relationships with industry partners and stakeholders.
  • Manage bid processes ensuring organized and timely submissions.
  • Mentor and develop the estimating team through training and support initiatives.

Benefits

  • Company-paid medical, dental, and vision insurance.
  • Paid vacation, company holidays, and sick leave.
  • 401(k) retirement savings plan to support financial goals.
  • Employee Assistance Program for personal support services.
Full Job Description
Summary/Objective: The Chief Estimator is responsible for construction estimating and project planning, with a focus on proactive financial, schedule, and risk strategies. An intentional leader with the desire to build a best-in-class estimating team through mentorship and training programs. Oversee and/or facilitate the development of estimates to maximize project performance and profitability. Develop and nurture close working relationships with industry partners, including owners, architects, engineers, general contractors, CMAR's, subcontractors and suppliers.

Essential Functions
• Have extensive knowledge of all IPC, IMC and IFC codes for Colorado
• Read, interpret and understand plans, drawings and specifications at an expert level.
• Expert knowledge of and interconnection between plumbing, mechanical piping and HVAC systems.
• Identify risks inherent to a project due to location, specific building type or construction, or any stringent specification, quality control, or safety requirements.
• Utilize computerized on-screen estimating software, particularly Quick Pen.
• Analyze and accurately estimate cost of construction material and labor for new facilities, retrofit projects, and fabrication projects.
• Ability to run an independent assessment of an estimate's accuracy.
• Manage and develop estimates and proposals for projects in all sectors that IMD works in.
• Manage and train team members in the science and practical aspects of estimating and subcontractor /supplier relationship-building.
• Author proposal letters and clarifications which clearly communicate the scope of work and outline any specific items that should be brought to the client's attention that may weigh into our ability to secure the project.
• Manage & ensure the orderly flow of project assignments to estimating team.
• Maintain organized and detailed files for back-up of estimate values.
• Ability to work at a computer for extended periods of time.
• Utilize effectively MS Office Suite and Adobe Acrobat.
• Communicate effectively with clients, designers, and vendors during the course of a bid cycle.
• Must demonstrate integrity, honesty, professionalism and commitment to company values.
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Responsibilities/Duties
• Promote a safe and injury-free work environment for each project.
• Coordinate total team effort relevant to a particular bid with a goal of producing an accurate competitive cost estimate.
• Coordinate effectively with other trade estimators to eliminate gaps or duplications in developing cost estimates.
• Solicit, analyze, and select subcontractor / vendor proposals related to the trade discipline.
• Responsible for construction estimating and project planning, with a focus on proactive financial, schedule, and risk strategies.
• Lead intentionally with the desire to build a best-in-class estimating team while maintaining productive industry partnerships.
• Oversee and/or facilitate the development of estimates to maximize project performance and profitability.
• Develop and nurture close working relationships with industry partners.
• Maintain and update accurate material cost database and multipliers within Quick Pen.
• Confirm bidding status with contractors that have requested bids.
• Attend project pre-bid meetings and job walk throughs, travel as necessary, in support of estimating / bidding efforts.
• Review the plans, note any special working conditions that may exist in the building, crawl spaces, high work, catwalks, confined spaces, long crane reach, scaffolding access, etc.
• Review equipment and fixture requirements.
• Proactively identify special conditions which represent financial risk to the project.
• Recognize unique safety or quality control provisions required for a project and incorporate related costs into cost estimates.
• Facilitate the development of winning bid and/or proposal documents, including project schedules.
• Schedule, organize, and maintain the company internal bid processes and coordination.
• Proactively identify opportunities to enhance IMD's estimating, bidding, and preconstruction services.
• Identify proposal and initial project execution strategies to support robust project hand-offs to the Project Department.
• Generate a project specific bid tabulation so that competitive analysis is easily organized and transparent.
• Ensure that estimates are well-organized, complete, and ready for executive review prior to deadlines.
• Allocation of estimated cost into customer furnished bid forms in a manner which protects the company risk when exposing unit costs.
• Prepare and send bid proposals to general contractors.
• Be in office and available to answer any questions from client or general contractors regarding our bid on bid day.
• Follow up on bid results by contacting clients and general contractors to receive results.
• Evaluate bid results & report findings to management.
• Prepare breakdown analysis and summary for successful bids / secured projects.
• Assist design-build managers with on-going cost analysis & reconciliation on design-build / design-assist projects.
• Embrace and support company workforce initiatives that enhance employee engagement and satisfaction.
• Effectively mentor team members, encouraging and supporting their personal development.
• Support management and perform additional tasks as needed in support of company goals.

Competencies
• Fundamental knowledge of common HVAC systems including Chilled Water, Heating Water, Steam & Condensate Return, Process Piping, Sheet metal, VRV/VRF, Energy recovery, DX and water cooled systems, and commercial plumbing.
• Ability to perform accurate quantity survey of at least two of the following trades: sheet metal, mechanical piping, or plumbing systems.
• Clerical - Knowledge of administrative and clerical procedures and systems, such as word processing, spreadsheet maintenance, managing files and records, and other office procedures and terminology.
• English Language - Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition and grammar.
• Customer and Personal Service - Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
• Computers - Knowledge of computer software, including applications.
• Administration and Management - Knowledge of business and management principles involved in planning and resource allocation.
• Communication - Effectively communicating as appropriate for the needs of the audience.
• Active Listening - Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
• Reading Comprehension - Understanding written sentences and paragraphs in work related documents.
• Management of Personnel Resources - Basic motivating, developing, and directing people as they work, identifying the best people for the job or getting direction from upper management if needed.
• Time Management - Managing one's own time as it relates to the position and duties.
• Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions, or approaches to problems.
• Coordination - Adjusting actions in relation to others' actions.
• Active Learning - Understanding the implications of new information for both current and future problem-solving and decision-making.
• Judgment and Decision Making - Considering the benefits of potential actions to choose the most appropriate one.
• Monitoring - Monitoring/Assessing performance of yourself or the organization to make improvements or take corrective action as it relates to the position and duties.
• Building and Construction - Knowledge of materials, methods, and the tools involved in the construction of buildings, or other structures.
• Mathematics - Knowledge of arithmetic, algebra, geometry, statistics, and their applications.
• Complex Problem Solving - Identifying complex problems and reviewing related information to develop and evaluate options and implement solutions.
• Analysis - Determining how information should accurately be depicted and how changes will affect the end result.
• Documenting/Recording Information - Entering, recording, storing, or maintaining information in written or electronic form.
• Getting Information - Observing, receiving, and otherwise obtaining information from all relevant sources.

#LI-KW1 #LI-Onsite

Benefits Overview
Health & Welfare: Company Paid medical, dental, vision, prescription drug, accident & sickness benefit, basic group life and AD&D, and Employee Assistance Program
Time Off Benefits: Paid vacation, company-paid holidays, and paid sick leave
Financial Benefits: 401(k) retirement savings plan

Reasonable Accommodations
If you need assistance or accommodations during the application or interview process, please contact us at [redacted] or your dedicated recruiter with the job title and requisition number.

Employment Eligibility
Candidates must have current work authorization in the U.S.; visa sponsorship is not available for this position.

Third-Party Recruiting Disclaimer
Legence and its affiliates do not accept unsolicited resumes from agencies; any such submissions without a prior signed agreement authorized by Legence Holdings LLC's CHRO or Director of Talent Acquisition will not incur fees and are considered property of Legence.

Pay Disclosure & Considerations
Where pay ranges are indicated, please note that a successful candidate's exact pay will be determined based relevant job-related factors, including any of the following: candidate's experience, skills, and qualifications, as well as geographic and market considerations. We are committed to ensuring fair and competitive compensation for all employees and comply with all applicable salary transparency laws.

About The Blackstone Group LP

Blackstone Asia is a Strategic Intelligence, Integrated Operation Agency Services and Tech Venture Group, the Information Communication and Technology (ICT) company with strong focus on strategy, communication, digital campaign, social media marketing, cyber defence, and intelligence software development based in New York, USA and Jakarta, Indonesia.

The Blackstone Group LP Careers

Join the dynamic team at The Blackstone Group LP, a premier global investment and advisory firm. With a robust portfolio of businesses and investments, there has never been a more exciting time to explore job opportunities with us. As a leader in financial innovation and asset management, we offer a platform where skills meet challenge and excellence. Work You’ll Do At The Blackstone Group LP, you will be part of a culture that thrives on leadership, professional growth, and diversity training. Our team is composed of highly skilled professionals who lead the industry not just in financial acumen but in ethical leadership and innovative solutions. Here, your career will be fueled by continuous learning and growth opportunities, supported by our substantial resources and unique position in the marketplace. Join our market-leading team to help redefine industries through strategic investment and high-caliber advisory services. At The Blackstone Group LP, you will transform businesses and drive success in a landscape ripe for innovation. Be Part of a Great Team Working with The Blackstone Group LP means being part of a global network of professionals dedicated to maintaining and extending our leadership in the financial sector. Our team benefits from unparalleled capabilities, a commitment to diversity, and a culture that prioritizes teamwork and respect. Future-Proof Your Career Embark on a career path that lets your ambition soar. The Blackstone Group LP offers a myriad of job opportunities, from internships to full-time positions, each providing a unique chance to develop your skills. With our extensive training programs and mentorship offerings, you are equipped to succeed in today’s competitive job market and beyond. Explore Discover how The Blackstone Group LP leads the way in creating value for investors and businesses worldwide. From enhancing operational efficiency to pioneering new financial models, see how your work can contribute directly to our global success. The Blackstone Group LP Employment Experience Our commitment to innovation and growth extends to our hiring practices. We seek curious, driven, and versatile team players who are ready to take on challenges and make an impact. Explore our open positions that match your skills and interests. We look for individuals eager to drive their own career forward and who are ready to make significant contributions to the financial landscape. Stay Connected Join Our Team Search for job opportunities that align with your skills and career ambitions. At The Blackstone Group LP, we value curiosity, innovation, and efficiency. Browse our current openings and find out where you fit into our exceptional team. Keep Up to Date Stay informed with the latest insights from within The Blackstone Group LP and the broader financial world. Our careers blog offers tips, industry news, and professional development resources to help you stay ahead in your career. Job Alert Emails Customize your experience by subscribing to job alerts and insider tips tailored to your preferences. Discover the exciting and rewarding career opportunities waiting for you at The Blackstone Group LP. Join The Blackstone Group LP today and be part of a team that is shaping the future of the financial industry. Your journey towards a fulfilling and impactful career starts here.
Learn more about The Blackstone Group LP
Size
3,795 employees
Market Cap
$88.7 billion
Industry
Net Income
$1 billion
Founded
1985
5 Year Trend
+34.4%
Revenue
$6.1 billion
NASDAQ

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