Contract Administrator Salary
Job Description for Contract Administrator
A contract administrator oversee the specific mandates in a contract and make sure that all parties involved fulfill obligations to which they agreed. The contract administrator must know the ins and outs of a contract and ensure all sides adhere to its specific terms, conditions, rights, and obligations. It is also the administrator's responsibility to coordinate any changes that may transpire, and to make sure that those changes are agreed upon by all involved. When the contract has been fulfilled, the contract administrator will complete a closeout process to ensure that the contract has been ended in an appropriate manner.Read More...
In many scenarios, a contract administrator will oversee the delivery of goods and equipment to ensure that everything matches the contract; this often involves visiting several job sites and doing proper inspections. They may also oversee contract terms through electronic document management systems and spreadsheets, as this can allow the administrator to properly track various transactions and keep proper records.
Contract Administrator Tasks
- Prepares proposal for major contracts.
- Review and negotiate contractual details, including specifications, price, date of delivery and contractual provisions.
Common Career Paths for Contract Administrator
Though it's uncommon, some Contract Administrators move into roles as Senior Contracts Administrators, where pay is an average $80K per year. Typical career progression for a Contract Administrator involves becoming a Contracts Manager or a Contract Specialist, roles that pay $25K more and $1K more on average.
Contract Administrator Job Listings
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Popular Employer Salaries for Contract Administrator
Northrop Grumman Corporation, The Boeing Company, Lockheed Martin Corp, General Dynamics Information Technology Inc, and U.S. Air Force (USAF) are some prominent firms with considerable interest in employing a large team of Contract Administrators. Although The Boeing Company heads up the field in terms of compensation, offering the highest median salary at $73K, pay at this particular employer still varies considerably, running the full spectrum from $46K to $103K. Soaring salaries can also be found at Northrop Grumman Corporation, Lockheed Martin Corp, and U.S. Air Force (USAF), where earnings of $71K, $64K, or $64K are standard for Contract Administrators.
Jones Lang LaSalle, Oracle Corp., and IronPlanet also rank near the bottom for pay, handing out $52K, $55K, and $56K-paychecks on average.
Popular Skills for Contract Administrator
Survey participants wield an impressively varied skill set on the job. Most notably, skills in Contract Negotiation, Procurement, Contractor Management, and Project Management are correlated to pay that is above average, with boosts between 10 percent and 16 percent. Skills that are correlated to lower pay, on the other hand, include Office Administration, Accounting, and Data Analysis. Those proficient in Contract Management are, more often than not, also skilled in Document Management and Microsoft Excel.
Pay by Experience Level for Contract Administrator
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Experience and pay tend to be weakly linked for Contract Administrators — those with more experience do not necessarily bring in higher earnings. The average beginner in this position makes around $48K, but folks who have been around for five to 10 years see a markedly higher median salary of $59K. On average, Contract Administrators make $60K following one to two decades on the job. Veterans who have acquired more than 20 years report a median income of $67K, which is generally higher than the pay reported by other tenure groups.
Pay Difference by Location
For Contract Administrators, working in the bustling city of Fairfax has its advantages, including an above-average pay rate. Contract Administrators will also find cushy salaries in San Francisco (+25 percent), Herndon (+24 percent), Los Angeles (+23 percent), and Washington (+21 percent).
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