CONTRACT ADMINISTRATORS administer and coordinate activities concerned with the preparation, analysis, negotiation, and review of contracts related to the purchase or sale of equipment, materials, products, supplies, or services. They serve as liaison between their company, and the customers and vendors, including participation in pre-contract discussions, contract negotiations, and contract changes. Contract administrators monitor company performance for conformance to original proposals and maintain a continual review to make sure terms and conditions are met.
Salary, Size & Growth
- $64,500 average per year ($31.00 per hour)
- A medium occupation (65,200 workers in 2010)
- Expected to grow slowly (0.2% per year)
CONTRACT ADMINISTRATORS generally need a bachelor's degree in business, human resources, or finance. Regardless of the major, the curriculum should include courses in office technology, accounting, business mathematics, computer applications, human resources, and business law. Some administrators have advanced degrees. No special licensing or certification is required for contract administrators. However, certification through work experience and successful completion of examinations offered by the Institute of Certified Professional Managers can increase advancement potential.