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
While Contract Administrators do not often become Senior Contracts Administrators, the job pays $80K per year on average. When Contract Administrators are ready for the next step in their careers, they often become Contracts Managers or Contract Specialists. Those roles pay an additional $25K and $1K, respectively.
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Popular Employer Salaries for Contract Administrator
Many Contract Administrators can be found at Northrop Grumman Corporation, Lockheed Martin Corp, General Dynamics Information Technology Inc, U.S. Air Force (USAF), and The Boeing Company, firms that are at the top of the field. Northrop Grumman Corporation offers the largest salaries in town ($71K on average), but the considerable range in workers' salaries creates a rather varied pay scale that stretches from $51K to $119K. Other employers shelling out big bucks include The Boeing Company, Lockheed Martin Corp, and U.S. Air Force (USAF), where Contract Administrators typically earn around $71K, $64K, or $64K, respectively.
Also sliding in at the lower end of the scale are Jones Lang LaSalle ($52K), Parker Hannifin Corp ($54K), and Oracle Corp. ($55K).
Popular Skills for Contract Administrator
Survey results imply that Contract Administrators deploy a substantial tool kit of skills at work. Most notably, skills in Contract Negotiation, Procurement, Contractor Management, and Project Management are correlated to pay that is above average, with boosts between 11 percent and 16 percent. Skills that seem to negatively impact pay include Office Administration, Accounting, and Microsoft Excel. Most people familiar with Contract Management also know 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.
For Contract Administrators, level of experience appears to be a somewhat less important part of the salary calculation — more experience does not correlate to noticeably higher pay. 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. The average pay reported by folks with 10 to 20 years of experience is around $60K. Veterans who have worked for more than two decades do tend to make the most in the end; the median pay for this group is $67K.
Pay Difference by Location
San Francisco offers some of the highest pay in the country for Contract Administrators, 31 percent above the national average. Contract Administrators will also find cushy salaries in Fairfax (+26 percent), Washington (+22 percent), Los Angeles (+22 percent), and Huntsville (+15 percent).
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