Contract directors are in charge of negotiating, maintaining, and updating commercial contracts. They must establish contacts with outside businesses and develop contracts that meet the financial and professional goals of the business. They must develop and maintain multiple contracts at a time with local, national, and international businesses. Additionally, contract managers must develop internal policies and procedures for contract development and maintenance, and note areas for improvement. They must be knowledgeable regarding legal and ethical rules and regulations regarding contracts. Contract directors review contracts for completeness before final approval and signing, and they must adhere to all local, state, and federal regulations.
Contracts Director Tasks
Ensure that contracts are in compliance with laws and organizational policies.
Oversee maintenance and compliance with existing contracts.
Negotiate contracts and proposals with internal teams and customers.
Resolve risks, problems, and non-compliance issues.