$81,518
Avg. Salary

Average additional compensation for this job:

Bonus

$1,500

Profit Sharing

$1,661

The average pay for a Contract Specialist with Contract Management skills in Washington, District of Columbia is $82,353 per year. Most people move on to other jobs if they have more than 20 years' experience in this career.

$52,044 - $112,667
$52K
$82K
$110K
MEDIAN: $81,518
10%
50%
90%

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$18.55 - $55.20
$19
$31
$55
MEDIAN: $31.19
10%
50%
90%

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$0$113K
Salary $52,044 - $112,667
Bonus $0.00 - $9,887
Profit Sharing $1,661
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).
)
$51,609 - $113,120
  • Country: United States
  • Currency: USD
  • Updated: 12 Aug 2018
  • Individuals Reporting: 103
Hourly Data $0$55
Hourly Rate $18.55 - $55.20
Overtime $36.90
Annual Data $0$113K
Bonus $0.00 - $9,887
Profit Sharing $1,661
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).
)
$51,609 - $113,120
  • Country: United States
  • Currency: USD
  • Updated: 12 Aug 2018
  • Individuals Reporting: 13

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.

Read More...

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.

About Washington, District of Columbia

District of Columbia, District of Columbia
672,228
Male:
319,705 (47.6%)
Female:
352,523 (52.4%)
Washington, D.C., formally the District of Columbia and commonly referred to as "Washington", "the District", or simply "D.C.", is the capital of the United States. The signing of the Residence Act on July 16, 1790, approved the creation of a capital district located along the Potomac River on the country's East Coast. The U.S. Constitution provided for a federal district under the exclusive jurisdiction of the Congress and the District is therefore not a part of any state. The states of Maryland and Virginia each donated land to form the federal district, which included the pre-existing settlements of Georgetown and Alexandria. Named in honor of President George Washington, the City of Washington was founded in 1791 to serve as the new national capital. In 1846, Congress returned the land originally ceded by Virginia; in 1871, it created a single municipal government for the remaining portion of the District. Washington had an estimated...
Washington:
$75,628
District of Columbia:
$75,628
$1,417
Washington:
$551,300
District of Columbia:
$551,300
5.0%

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 $60,000 based on 28 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 $88,000 based on 25 salaries. An experienced Contract Specialist which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $93,000 based on 13 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 $93,000 based on 6 salaries.

Key Stats for Contract Specialist

Gender

Female
44 %
Male
56 %

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 26 votes.
Less than 1 year
3%
1-4 years
34%
5-9 years
40%
10-19 years
16%
20 years or more
9%

Experience Affects Contract Specialist Salaries

Late-Career
▲16%

Experienced
▲15%

Mid-Career
▲10%

National Average
$81,000

Entry-Level
▼26%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 26 votes.

Gender

Female
44 %
Male
56 %

Years of Experience

Less than 1 year
3%
1-4 years
34%
5-9 years
40%
10-19 years
16%
20 years or more
9%

Common Health Benefits

medical benefits
Medical: 81%
dental benefits
Dental: 79%
vision benefits
Vision: 65%
no benefits
None: 18%