Contracts Manager in Washington, District of Columbia Salary
How much does a Contracts Manager make in Washington, DC? The average salary for a Contracts Manager in Washington is $92,919 annually. This is 13% above the national average for a Contracts Manager which is $80,939 per year. Salaries for a Contracts Manager in Washington range from $58,724 per year to $140,460 per year. Total Annual Pay, which includes salary and bonus for a Contracts Manager in Washington ranges from $63,023 to $146,444 annually. Job satisfaction is reported as 5 out of 5 stars. Women make up 58% of the Contracts Manager workforce in Washington among those reporting. Many report receiving medical, dental, and vision benefits from their employer.
|Salary||$58,724 - $140,460|
|Bonus||$695 - $11,745|
|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).)
|$63,023 - $146,444|
Job Description for Contracts Manager
Contracts managers can work in a variety of industries, including non-profit and government agencies. They act as the liaisons between companies and clients for contractual matters. Contracts managers can draft, evaluate and execute any type of contract that is negotiated between the business and client, such as short term, formal or annual contracts. They often work with the legal and/or finance department to monitor adherence and potential risks to the business or client.Read More...
Contract managers are also expected to keep up to date with ongoing marketing efforts that the competition may be utilizing, and ensuring that their businesses' clients are satisfied with their current contracts and that those contracts are up to date. Contracts managers must also maintain the contractual documentation and records, customer correspondence, status reports and other relevant documents pertaining to the project to which they are assigned.
Overall, contracts managers should treat each client personally. Each client or vendor will have different terms and parameters of which contracts managers should be aware. From the time of negotiation, to the signing of documents and implementation of the contract, they will be responsible for the paperwork and having it signed and delivered to all parties. Afterwards, they are the point of contact for administration and issues until the contract concludes. (Copyright 2017 PayScale.com)
Contracts Manager Tasks
- Coordinate design of contract verbiage with other internal departments including Legal, Finance, and Product Development.
- Act as the point of contact for both internal and external customers in regards to contractual issues.
- Draft, negotiate, and implement new contracts, amendments, renewals, and terminations.
- Maintain current contracts by updating demographics, fee schedules, and any service changes.
Contracts Manager Job Listings
Pay by Experience Level for Contracts Manager
Pay by Experience for a Contracts Manager has a positive trend. An entry-level Contracts Manager with less than 5 years of experience can expect to earn an average total compensation of $70,000 based on 9 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A Contracts Manager with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $82,000 based on 10 salaries. An experienced Contracts Manager which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $118,000 based on 8 salaries. A Contracts Manager with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $101,000 based on 8 salaries.
Key Stats for Contracts Manager
Rated 5 out of 5
based on 8 votes.