A Contract Specialist earns an average salary of AU$96,356 per year. Experience has a moderate effect on income for this job. Most people with this job move on to other positions after 20 years in this career.

AU$57,961 - AU$181,648
AU$58K
AU$97K
AU$180K
MEDIAN: AU$97,481
10%
50%
90%
AU$0AU$191K
Salary AU$57,961 - AU$181,648
Bonus AU$0.00 - AU$48,722
Profit Sharing AU$1,000
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).
)
AU$58,994 - AU$191,505
  • Country: Australia
  • Currency: AUD
  • Updated: 20 Jan 2018
  • Individuals Reporting: 64

Job Description for Contract Specialist

Contract specialists create, examine, and monitor contractual agreements between their organizations and suppliers of materials or labor. They are generally expected to serve as tough negotiators who work to reach the best potential deal for the company, and they also monitor and administer these contracts. Soliciting bids to acquire a variety of required goods and services is a major part of this job, and they may also oversee contractors' performances to ensure that the provisions of the contract are met. Another central component of the job involves building connections with reliable vendors and maintaining a comprehensive list of potential contractors needed for any given situation.

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Contract Specialist Tasks

  • Prepare, review and evaluate contracts for compliance of legality and for profitability if applicable.
  • Edit or amend contracts and handles terms of contract breach.
  • Negotiate contract terms with clientele.

Contract Specialist Job Listings

Pay by Experience Level for Contract Specialist

Pay by Experience for a Contract Specialist has a positive trend. An entry-level Contract Specialist with less than 5 years of experience can expect to earn an average total compensation of AU$93,000 based on 34 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Contract Specialist with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of AU$104,000 based on 29 salaries. An experienced Contract Specialist which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of AU$116,000 based on 24 salaries. A Contract Specialist with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of AU$135,000 based on 5 salaries.

Pay Difference by Location

National Average: AU$100,769

Larger city markers indicate a job is popular in that location.

Related Job Salaries

Key Stats for Contract Specialist

Gender

Female
67 %
Male
33 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 3 votes.
Less than 1 year
1%
1-4 years
35%
5-9 years
24%
10-19 years
31%
20 years or more
9%

Experience Affects Contract Specialist Salaries

▲34%

▲15%

▲3%

National Average
AU$101,000

▼8%

Skills That Affect Contract Specialist Salaries


National Average
AU$101,000

Contract Management
▼1%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 3 votes.

Gender

Female
67 %
Male
33 %

Years of Experience

Less than 1 year
1%
1-4 years
35%
5-9 years
24%
10-19 years
31%
20 years or more
9%

Common Health Benefits

medical benefits
Medical: 14%
dental benefits
Dental:
vision benefits
Vision: 2%
no benefits
None: 83%