Contracting Officer Salary
Job Description for Contracting Officer
Being a contracting officer is an extremely important position. These officers perform various duties, usually for a government organization such as the Department of Defense. They help make sure that units are well-stocked by managing multiple contracts with suppliers for items such as commodities, services, and any construction projects that may be occurring. A contracting officer is the person who negotiates the contracts for these things and is integral to maintaining a budget.Read More...
These officers have to be interested in law, business, and administration. Some positions require various degrees, such as a bachelor's or master's degree in business. Others simply require experience in the field. In most cases, especially in government positions, one will go through a training course if hired.
The work of a contracting officer usually is performed during regular business hours. This officer should be accustomed to fast-paced work, including deadlines that need to be met. An efficient and well-organized person is preferred. This officer will be working in an office but will need to travel for meetings to negotiate contracts. A contracting officer usually works alone, save for administrative staff that is there to support the contracting officer. The officer will be the primary decision-maker on all contracts, so long as they are within the constraints of the budget and the orders from his or her superiors. This job is not one for people who are indecisive but can be a very rewarding career.
Contracting Officer Tasks
- Solicit, negotiate and procure/award contracts.
- Oversee and support administrative processes.
- Ensure governmental/organizational requirements are met.
Contracting Officer Job Listings
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Popular Employer Salaries for Contracting Officer
U.S. Air Force (USAF), Department of Veteran's Affairs, U.S. Army, U.S. Department of Defense, and U.S. Navy are all popular places to work. Contracting Officers seeking a sizable paycheck can earn the most at U.S. Department of Defense, where the average salary comes to $97K.
With a median salary of only $70K, U.S. Air Force (USAF) pays the least. It seems that the compensation range of $30K to $97K isn't that wide, either.
Popular Skills for Contracting Officer
Survey takers who work as Contracting Officers typically report just a few professional skills. Most notably, skills in Procurement, Contract Negotiation, Contract Management, and Contractor Management are correlated to pay that is above average. Skills that are correlated to lower pay, on the other hand, include Contractor Management. Those familiar with Contract Management also tend to know Procurement.
Pay by Experience Level for Contracting Officer
Median of all compensation (including tips, bonus, and overtime) by years of experience.
For many Contracting Officers, experience and pay levels seem to be correlated; more years in the business generally lead to more money. Workers in their first five years can expect to earn $62K, but people who have been around for five to 10 years earn a noticeably bigger sum of $82K. For Contracting Officers, 10 to 20 years of experience on the job amounts to an average salary of $93K. Average wages for folks with more than 20 years of experience come out to around $117K.
Pay Difference by Location
With a pay rate for Contracting Officers that is 35 percent greater than the national average, Washington offers a comfortable salary for those in this profession. Contracting Officers can also look forward to large paychecks in cities like Los Angeles (+16 percent), San Antonio (+10 percent), Albuquerque (+6 percent), and Seattle (+4 percent). Contracting Officers in Dallas make 25 percent less than the national average, proving that location is a major factor in pay. A couple other locations with smaller-than-average paychecks include Denver (25 percent lower) and Atlanta (22 percent lower).