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Construction Site Super

New York, NY · On-site

$110K - $160K/yr

Works with Project Manager to meet construction budget by monitoring project expenditures; identifying variances; implementing corrective actions. * Accomplishes construction project results by ...

35 North

Senior Construction Project Manager

Durham, NC · On-site

$101K - $137K/yr

Prepare construction budget based on scope of work and resource requirements * Track project costs to meet construction budget * Develop and manage a detailed project schedule and work plan * Develop ...

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Construction Budget information

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$40K

$95.2K

$151K

How much do construction budget jobs pay per year?

As of Jul 11, 2026, the average yearly pay for construction budget in the United States is $95,168.00, according to ZipRecruiter salary data. Most workers in this role earn between $71,000.00 and $115,500.00 per year, depending on experience, location, and employer.

What is the difference between Construction Budget vs Construction Estimator?

AspectConstruction BudgetConstruction Estimator
Primary RoleAllocates financial resources for a construction projectPrepares cost estimates for construction projects
Required CredentialsFinancial or project management backgroundConstruction or engineering certifications, estimating experience
Work EnvironmentProject planning, financial managementSite visits, bid preparation, cost analysis
Industry UsageUsed during project planning and budgeting phasesUsed during project bidding and cost estimation

The Construction Budget focuses on planning and managing the overall financial resources of a project, while the Construction Estimator specializes in calculating detailed costs to prepare accurate bids. Both roles are essential in the construction process but serve different functions within project financial management.

What is the highest paying job in construction?

The highest paying jobs in construction are typically executive roles such as construction managers, project executives, or chief estimators, with salaries often exceeding $150,000 annually. These positions require extensive experience, strong leadership skills, and often advanced certifications or degrees in construction management or engineering.

Is there a job for budgeting?

A construction budgeter or estimator is responsible for preparing and managing project budgets, ensuring costs stay within financial limits. This role requires skills in cost estimation, financial analysis, and familiarity with construction management software. Budgeting is a key part of project planning and often involves collaboration with project managers and contractors.

What are some common challenges faced when managing a construction budget, and how can new professionals address them?

One of the biggest challenges in managing a construction budget is handling unexpected costs due to design changes, site conditions, or material price fluctuations. New professionals can address these challenges by implementing thorough initial planning, maintaining clear communication with project stakeholders, and regularly updating cost forecasts. It’s also important to build contingency funds into the budget and to track all expenses meticulously to catch discrepancies early. Collaborating closely with project managers, contractors, and suppliers will help anticipate potential issues and keep the project on track financially.

What is a construction budget?

A construction budget is a detailed estimate of all costs associated with a construction project, including materials, labor, permits, and contingencies. It helps project managers plan, control expenses, and ensure the project stays within financial limits throughout its duration.

What are the key skills and qualifications needed to thrive as a Construction Budget Analyst, and why are they important?

To thrive as a Construction Budget Analyst, you need strong analytical skills, a background in finance or accounting, and familiarity with construction project management principles. Proficiency with budgeting software, spreadsheet tools like Microsoft Excel, and financial reporting systems is typically required. Attention to detail, effective communication, and problem-solving abilities help ensure accuracy and collaboration with project teams. These skills are crucial for managing costs, forecasting expenses, and ensuring construction projects are completed within budget and on schedule.

Can you make 200k a year in construction?

Construction managers and experienced contractors can earn around $200,000 annually, especially with advanced skills, certifications, and managing large projects. Salaries vary based on location, experience, and the complexity of projects handled.
More about Construction Budget jobs
What cities are hiring for Construction Budget jobs? Cities with the most Construction Budget job openings:
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What job categories do people searching Construction Budget jobs look for? The top searched job categories for Construction Budget jobs are:
Construction Budget jobs near you
Infographic showing various Construction Budget job openings in the United States as of July 2026, with employment types broken down into 93% Full Time, 6% Part Time, and 1% Contract. Highlights an 91% Physical, 3% Hybrid, and 6% Remote job distribution, with an average salary of $95,168 per year, or $45.8 per hour.
Construction Budget Associate

Construction Budget Associate

Toorak Capital Partners

Tampa, FL • On-site

Full-time

Posted 10 days ago

Job description

POSITION OVERVIEW
Toorak Capital Partners is a leading private credit firm specializing in residential and commercial bridge, fix-and-flip, and ground-up construction lending. We partner with experienced loan originators to finance complex real estate projects across the United States, with a significant concentration in the New York City metro market.
The Construction Budget Associate is an individual contributor role responsible for serving as Toorak's subject matter expert in construction cost analysis and budget underwriting across the company's active loan portfolio. This is a high-impact position requiring deep, hands-on expertise in construction cost estimating and a thorough command of NYC regulatory and market requirements. The ideal candidate brings 10-15 years of direct experience and operates with a high degree of autonomy, credibility, and analytical rigor.
CORE RESPONSIBILITIES
Budget Underwriting & Review
  • Review and analyze construction budgets for ground-up development and renovation loan projects to ensure accuracy, completeness, and alignment with current market norms prior to loan closing
  • Validate line-item budgets against prevailing labor and material costs, regional pricing benchmarks, and industry standards
  • Identify budget gaps, cost discrepancies, scope omissions, and credit risk red flags across all project types
  • Assess hard costs, soft costs, contingencies, and contractor markups for reasonableness and internal consistency
  • Evaluate contractor qualifications, financial capacity, and project track record as part of the pre-closing underwriting process

Construction Monitoring
  • Monitor construction progress across an active portfolio of loans, coordinating with borrowers, general contractors, and third-party inspectors
  • Review AIA G702/G703 forms, lien waivers, and third-party inspection reports in connection with construction progress milestones
  • Monitor budget-to-actual cost performance throughout the construction period and flag material variances for asset management review
  • Assess construction sequencing and confirm project milestones align with approved budget and schedule
  • Resolve discrepancies with borrowers and contractors in a timely and professional manner

Portfolio Monitoring & Risk Management
  • Maintain ongoing oversight of construction progress across all active files, providing early identification of project delays, cost overruns, or contractor issues
  • Produce periodic reporting on portfolio construction health for senior management and asset management teams
  • Collaborate with underwriting, originations, and legal on construction-related loan modifications or workouts

Requirements
REQUIRED QUALIFICATIONS
Experience
  • 10-15 years of hands-on experience in construction cost estimating, project management, or construction lending - field experience strongly preferred over purely office-based backgrounds
  • Demonstrated track record managing construction budgets and monitoring construction progress within a lending, private credit, or real estate finance environment
  • Subject matter expert-level command of hard costs, soft costs, contingency structuring, and contractor markup analysis
  • Deep familiarity with construction sequencing and the relationship between project phase and budget milestones
  • Prior experience as an independent contributor managing a portfolio of active construction files

Education & Credentials
  • Bachelor's degree in Construction Management, Civil Engineering, Architecture, Real Estate, or a related field - or equivalent hands-on experience
  • OSHA 30 certification a plus
  • AIA, LEED, or similar professional credentials a plus
  • Familiarity with CSI MasterFormat or similar cost coding frameworks

Lending & Finance Knowledge
  • Experience working within a construction lending, hard money, or private credit environment
  • Strong understanding of LTC and LTV structures as they relate to construction loan risk
  • Proficiency with lien waivers, AIA G702/G703 forms, and third-party inspection reports as they relate to construction progress
  • Ability to read and interpret architectural drawings, structural plans, and construction specifications

NEW YORK CITY EXPERTISE (CRITICAL REQUIREMENT)
Toorak's construction portfolio has significant NYC concentration. Candidates without direct NYC market experience will not be considered for this role.
NYC Department of Buildings (DOB)
  • Hands-on experience navigating the NYC DOB BIS and DOB NOW portals
  • Ability to pull and interpret active permits, job filings, stop work orders, violations, and CO/TCO status
  • Strong understanding of NYC's building permit process, plan examination workflows, and typical approval timelines by borough and project type
  • Familiarity with NYC special inspection requirements, progress inspections, and sign-off procedures

NYC Regulatory & Agency Knowledge
  • Working knowledge of the NYC Zoning Resolution, FAR calculations, and as-of-right vs. discretionary approval pathways
  • Familiarity with DOB, DOF, HPD, LPC, and DEP as they relate to active construction projects
  • Understanding of NYC-specific cost escalators, including union labor requirements, prevailing wage, material delivery logistics, and site access constraints
  • Experience with NYC tax records, property data, and the ACRIS document recording system
  • Awareness of how HPD programs, 421-a/485-x, and other affordability designations affect budget structure and project timelines

NYC Market Knowledge
  • Strong command of NYC construction cost benchmarks by project type (gut renovation, new construction, mixed-use, condo conversion) and by borough
  • Ability to identify when a budget is materially under- or over-stated relative to current NYC market conditions
  • Familiarity with NYC-based general contractors, subcontractor trades, and typical labor cost structures

TECHNICAL SKILLS
  • Advanced proficiency in Microsoft Excel for budget modeling, cost variance analysis, and portfolio reporting
  • Experience with construction loan management software (e.g., Procore, Rabbet, Built, HeavyJob) preferred
  • Comfort with GIS tools, zoning maps, and NYC property data platforms (ZoLa, PropertyShark, ACRIS)

COMPETENCIES & WORK STYLE
  • Independent, self-directed operator who works with minimal supervision and takes full ownership of assigned files
  • Strong analytical and critical thinking skills - able to identify what is missing, not just what is present
  • Clear written and verbal communication, with the ability to explain budget concerns to both technical and non-technical stakeholders
  • Highly detail-oriented with the ability to manage a high volume of active files simultaneously
  • Comfortable working directly with borrowers, developers, and contractors to identify and resolve discrepancies
  • Collaborative team member who partners effectively with underwriting, originations, and asset management functions

ABOUT TOORAK CAPITAL PARTNERS
Toorak Capital Partners is a KKR-backed private credit firm and one of the leading purchasers of residential and small balance commercial bridge loans in the United States. With a national originator network and a rigorous approach to credit, Toorak provides certainty of execution for experienced real estate operators and developers. Our team combines deep market expertise with institutional-grade processes to deliver best-in-class outcomes for borrowers and investors alike.
Toorak Capital Partners is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, veteran status, or any other characteristic protected by law.
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