Contracts Administrator, Construction Salary
For Construction Contracts Administrators, annual average wages total $56K per year. Cash earnings for Construction Contracts Administrators — which occasionally include more than $5K from bonuses and more than $10K from profit sharing — stretch from around $35K to approximately $80K. Career duration and the particular city each impact pay for this group, with the former having the largest influence. A large number report receiving medical coverage from their employers and the greater part collect dental insurance. Job satisfaction is high and work is enjoyable for most Construction Contracts Administrators. Female Construction Contracts Administrators far outnumber their male contemporaries among survey respondents. The data in this summary comes from the PayScale salary survey.
Job Description for Contracts Administrator, Construction
A construction contracts administrator carries out administrative duties relating to contracts for a construction company or a consulting firm which works on behalf of a construction company. This position involves a variety of duties and requires an organized individual who is able to multi-task effectively.Read More...
These administrators will generally audit new proposals, make changes to existing proposals, and develop contracts. The job also involves keeping a database to keep track of expiration dates to ensure that all subcontractors have up-to-date insurance and certification, so computer skills will certainly be utilized in this position. Contracts administrators should also renew items before they lapse and write bid packages in accordance with laws and regulations; this is usually done with the help of a lawyer.
Those in this position will review bid insurance requirements and have them approved by the local government, and are also in charge of making sure any other forms and approvals are obtained before construction begins. They may also be responsible for reviewing contractor payment requests and/or administering payments for contractors. Finally, contracts administrators must make sure all contracts are carried out and closed successfully.
A bachelor’s degree in a field such as construction management is usually required, along with many years of experience in the field. Travel may be required, so a valid driver’s license is necessary.
Contracts Administrator, Construction Tasks
- Interpret contract terms in order to resolve disagreements between the parties.
- Negotiate and draft contracts for materials and services from vendors to complete a project.
- Manage the bidding process, and obtain cost estimates from vendors and selecting the best offers.
- Maintain all records related to the contracting of vendors and receipt of materials and services.
Common Career Paths for Contracts Administrator, Construction
Construction Contracts Administrators who advance into the role of a Contracts Manager are fairly uncommon. Contracts Managers on average earn $78K per year. Many Construction Contracts Administrators choose to become Office Managers and Executive Assistants as their careers advance. However, folks in those positions report median salaries of $14K less and $7K less, respectively.
Contracts Administrator, Construction Job Listings
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Popular Skills for Contracts Administrator, Construction
Construction Contracts Administrators generally report applying a varied skill set to their work. Most notably, skills in Contract Management, Contractor Management, Microsoft Office, and Project Management are correlated to pay that is above average. Those listing Procurement as a skill should be prepared for drastically lower pay. Accounts Payable and Microsoft Excel also typically command lower compensation. Those proficient in Contract Management are, more often than not, also skilled in Contractor Management.
Pay by Experience Level for Contracts Administrator, Construction
Median of all compensation (including tips, bonus, and overtime) by years of experience.
For many Construction Contracts Administrators, more experience generally translates to higher pay. Workers with less than five years' experience earn around $45K on average, and those who have five to 10 years under their belts see a higher median salary of $52K. For Construction Contracts Administrators, 10 to 20 years of experience on the job amounts to an average salary of $55K. Construction Contracts Administrators who have acquired more than 20 years of relevant experience earn significantly more than folks with fewer years on their resumes; the average income in this veteran group is $68K.