A Contract Administrator is responsible for managing company contracts regarding the sale of products and services, procurement of goods and services, or employee contracts.
They oversee the preparation and revision of contracts that involve the purchase or sale of goods and services. Their role includes negotiating the terms and conditions in contracts and ensuring compliance with the terms and conditions, as well as documenting and agreeing on any changes or amendments that may arise during its implementation or execution. Contract Administrators serve as the main point of contact for customers, vendors, and employees on contractual matters, ensuring timely review and approval of documentation.
Their meticulous attention to detail and understanding of legal stipulations help safeguard the company from legal risks and penalties.
Key Duties & Responsibilities
Contract Administrators in the Legal field handle essential tasks and contribute significantly to achieving team and organizational goals. Here are some of their primary responsibilities:
- Prepare, review, and modify contractual instruments to assist and support various business activities.
- Negotiate contract terms with internal and external business partners.
- Manage record keeping for all contract-related correspondence and documentation.
- Provide both internal and external contract-related issue resolution.
- Monitor and complete contract close-out, extension, or renewal, as appropriate.
- Ensure that contractors and suppliers comply with legal requirements, owner specifications, and government regulations.
- Perform analysis on new laws and regulations and ensure all contracts are in compliance.
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How to Become a Contract Administrator
Launching a career as a Contract Administrator requires a specific education. We outline the essential qualifications, skills, and steps to enter this field.
Qualification
- Bachelor’s degree in Business Administration, Law, or related field.
- Proven experience in contract management or procurement.
- Knowledge of legal requirements involved with contracts.
- Familiarity with accounting procedures and a basic understanding of the industry-specific fundamentals.
- Certification from a recognized authority such as the National Contract Management Association (NCMA) or the International Association for Contract & Commercial Management (IACCM) is advantageous.
Requirements & Skills
- Strong negotiation and mediation skills.
- Excellent organizational skills and attention to detail.
- Strong analytical and problem-solving skills.
- Ability to handle multiple tasks in a fast-paced environment.
- Proficient with Microsoft Office Suite or related software to prepare reports and policies.
Contract Administrator Salary Guide
Wondering what Contract Administrators earn? Explore salary ranges by experience, and career tips to maximize your earning potential.
| Job | Branch | Avg. US Salary |
|---|---|---|
| Contract Administrator | Legal | 75,000 USD |
The average salary for a Contract Administrator in the U.S. is approximately $75,000 per year and can vary from entry-level to senior positions. Contract Administrators may receive a wide range of benefits.
Contract Administrator Salary Career Steps
| Level | Experience | Avg. Salary per Year |
|---|---|---|
| Veteran | 20+ years | $93,750 |
| Senior | 11+ years | $82,500 |
| Experienced | 6-10 years | $75,000 |
| Mid Level | 3-5 years | $67,500 |
| Entry Level | 0-2 years | $56,250 |
How much can you earn as a Contract Administrator?
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How to Advance Your Career
Contract Administrators can advance to senior roles such as Senior Contract Manager, Director of Contract Management, or into executive roles like Vice President of Procurement. With additional training and experience, they might specialize further in areas such as government contracting, international contracting, or corporate compliance.
Typical Work Environment
Contract Administrators typically work in office settings within corporate, government, or law firm environments. They spend much of their time interacting with other departments, negotiating with clients or suppliers, and working on contracts. The job may require occasional travel to meet with clients or attend industry conferences. Hours can be long, especially when approaching deadlines for new contracts or the closeout of existing ones.
Content Verification Note
This profile for a Contract Administrator is compiled using a hybrid approach: Core data is sourced from the BLS and Payscale, synthesized via AI for structure, and manually verified by our editorial team for accuracy.
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