Contracting Officer Salary
|Salary||$53,792 - $121,137|
|Bonus||$0.00 - $3,034|
|Total Pay (|
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).)
|$50,214 - $122,210|
|Hourly Rate||$16.70 - $61.04|
|Overtime||$29.36 - $55.34|
|Bonus||$0.00 - $3,034|
|Total Pay (||$50,214 - $122,210|
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.
Popular Employer Salaries for Contracting Officer
Known for taking on a considerable number of Contracting Officers, U.S. Air Force (USAF), Department of Veteran's Affairs, U.S. Army, U.S. Department of Defense, and U.S. Navy are leading firms in the industry. For Contracting Officers, comfortable salaries can be found at U.S. Department of Defense; in fact, median earnings sit around $97K, the highest in the area.
Popular Skills for Contracting Officer
Survey results show that Contracting Officers typically report just a few professional skills. Most notably, skills in Contract Negotiation, Contract Management, Procurement, and Contractor Management are correlated to pay that is above average. Skills that seem to negatively impact pay include Contractor Management. The majority of those who know Contract Management also know Procurement.
Pay by Experience Level for Contracting Officer
Median of all compensation (including tips, bonus, and overtime) by years of experience.
In general, experience and pay appear to be strongly linked; those with more experience usually bring in higher incomes. Respondents with less than five years' experience take home $61K on average. In contrast, those who have been around for five to 10 years earn a noticeably higher average of $82K. People with 10 to 20 years of experience make an average of about $90K in this role. Seasoned workers who boast more than two decades of relevant experience enjoy a median salary of $116K, which is substantially larger than the medians reported by folks with fewer years on their resumes.
Pay Difference by Location
Washington offers some of the highest pay in the country for Contracting Officers, 38 percent above the national average. Contracting Officers will also find cushy salaries in Los Angeles (+16 percent), San Antonio (+10 percent), Albuquerque (+5 percent), and Seattle (+5 percent). The lowest-paying market is Atlanta, which sits 36 percent below the national average, proving that location is a significant contributor to overall pay. Not at the bottom but still paying below the median are employers in Tucson and Dallas (26 percent less).
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