How do I start a career in contract administration?
Here are some steps you can take to pursue a career as a contract administrator:
- Earn your bachelor’s degree.
- Familiarize yourself with the stages.
- Find ways to gain experience.
- Join the National Contract Management Association.
- Earn a certification through NCMA.
- Consider earning your master’s degree.
How much do contracts administrators make?
The salaries of Contracts Administrators in the US range from $36,741 to $172,950 , with a median salary of $80,390 . The middle 57% of Contracts Administrators makes between $80,390 and $108,120, with the top 86% making $172,950.
What qualifications are needed for a contract administrator?
Also known as: Contract Officer. You usually need a formal qualification in business and management, building, construction management or law and relevant industry experience to work as a Contract Administrator. University and Vocational Education and Training (VET) are both common study pathways.
What are the main tasks of contract administration?
Our ideal candidate has previous experience with contracts administration, including data entry and establishing organized systems, and is familiar with legal requirements for contract drafting and contract reviews. Ultimately, you should ensure all contracts conform to applicable law and meet our company standards.
How do I become a contract advisor?
How to become a contract specialist
- Earn an undergraduate degree.
- Complete an internship.
- Gain entry-level experience.
- Pursue a professional certification.
- Consider a master’s degree.
Is a contract administrator a good job?
If you want to have a career as a contracts administrator, it’s important to first understand the levels of responsibility and accountability that come with this role. Administrating contracts is a rapidly-growing career path, making it a good option for those who want to pursue growth and advancement.
Can the employer be the contract administrator?
The role of the contract administrator may be undertaken by a range of individuals, these include architects, engineers, building surveyors, quantity surveyors or any agent of the employer. In theory, the employer, contractor or a director or employee of either party can act as contract administrator.
What is involved in contract administration?
Contract administration refers to the task or function of ensuring that a construction contract (the contract between the client and the contractor) is executed in accordance with the terms of the contract. Contract administration may include the tender stage and the post-construction stage.
What are the responsibilities of a contract administrator?
Some of the common job responsibilities of a contract administrator are listed below: Contract administrators help in preparing contracts as well as oversee the contracts signed by company. They also help the company understand the details in the contracts.
What are the duties of a construction contract administrator?
The duties of a Construction Contract Administrator were general duties including logging with the subcontractors, requesting, document of the vendors and copying. The specific duties of Construction Contract Administrator included the project managers with the updating contract order changes and the original contract.
What is contracts administrator?
A contract administrator is a specialty job used by companies to manage contracts and procurement activities.
What is construction contract administration?
Construction Contract Administration is a unit within Procurement, Contracts and Materials Management. This unit is responsible for construction related procurements and contracts.