Avg. Base Salary (USD)
The average salary for a Contract Specialist is $65,000 in 2023
What is the Pay by Experience Level for Contract Specialists?
An early career Contract Specialist with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of $51,000 based on 6 salaries. A mid-career Contract Specialist with 5-9 years of experience earns an average total compensation of $72,000 based on 5 salaries.
What Do Contract Specialists Do?
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 …Read more
- 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.
FAQs About Contract Specialists
What is the highest pay for Contract Specialists in Houston?
Our data indicates that the highest pay for a Contract Specialist in Houston is $91k / year
What is the lowest pay for Contract Specialists in Houston?
Our data indicates that the lowest pay for a Contract Specialist in Houston is $34k / year
How can Contract Specialists increase their salary?
Increasing your pay as a Contract Specialist is possible in different ways. Change of employer: Consider a career move to a new employer that is willing to pay higher for your skills. Level of Education: Gaining advanced degrees may allow this role to increase their income potential and qualify for promotions. Managing Experience: If you are a Contract Specialist that oversees more junior Contract Specialists, this experience can increase the likelihood to earn more.