What does a Contract Administrator do?
Contract Administrators handle all contracts for a company to ensure employees and executives understand the terms they agree to. They work with leadership and the human resources department to establish the company’s goals and ensure each contract meets these objectives and conforms to legislative requirements.
Contract Administrators aim to reduce costs and increase profits while complying with the law, so they work to ensure each contract follows those standards. They also stay updated on any legislative changes to make sure all contracts are compliant.
Contract Administrator skills and qualifications
A Contract Administrator should demonstrate high levels of integrity and accountability. Candidates interested in a Contract Administrator position should the following skills and qualifications:
- Fundamental knowledge of construction techniques, building materials, standards and equipment
- Ability to read, analyze and interpret legal documents, financial reports and technical documents
- Ability to apply arithmetic concepts such as fractions, ratios and proportions to real scenarios
- Basic understanding of purchasing and supply chain procedures
- Proficiency in common office applications
- Good understanding of standard operating procedures (SOPs) and occupational, safety and environmental regulations and law
- Time management and problem-solving skills
- Verbal and written communication skills
Contract Administrator salary expectations
The average salary for a Contract Administrator is $71,485 per year. This exact amount may vary depending on geographical location, experience level and education. Profit sharing compensation averages $3,000 per year. The typical tenure for this role is two to four years.
Contract Administrator education and training
Job seekers applying for the position of a Contract Administrator should have a bachelor’s degree in contract management, business management or related fields. Strong candidates usually have a professional certification through the National Contract Management Association, particularly the Certified Professional Contract Manager (CPCM) certification. Any other relevant certification is an added advantage.
Contract Administrator experience requirements
Applications should usually have at least 3 years of work experience as a Contract Manager or in another contracting role. Since this is an important position, the candidate should have experience working in construction sites or engineering projects. The candidate should also have experience in applying organizational standards when requesting and evaluating requests for proposals (RFPs). Candidates with experience working on mid-tier development projects (commercial or residential) over $5 million could be more competitive.
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