Contract administrators draft or oversee the preparation of contracts with vendors or clients. If the contract is coming in the door, a contract administrator will analyze it and either counter with an amended agreement or go into negotiation over the contract on the table. The completed agreement is then reviewed by management and signed. Contract administrators work closely with operations staff to determine what the precise needs are with regard to proposed contracts.
Contract administrators also have oversight for the execution of contracted agreements, remaining active by observing the delivery of goods or services as negotiated. A contract administrator may be involved in equipment acquisition, construction projects, and possible labor agreements.
Contract administrator jobs have a variety of educational expectations, depending on the size of the organization. For a government position, a bachelors in business management is usually desired. Some individuals with a background in procurement may be hired as contract administrators with just an associates degree. In larger companies that negotiate complex agreements, a contracts administrator may need a graduate degree in business administration or a related field.
According to the Department of Labor, there were 247,000 "administrative service managers" of all types working in 2006. Contract administrators are a small subgroup of this job classification.
The job opportunities for contract administrators are expected to increase at about the same average rate for all job categories over the next several years. The Department of Labor does note, however, that businesses are continuing to streamline in an effort to maximize efficiency; outsourcing is one example of permanent staff reduction. Another may be cutbacks on middle management, which is where contract administration professionals fall.
Lowest 10% $54,042
Median Salary $69,023
Highest 10% $85,132