Contract administrators work with government agencies, hospitals and corporations. The job requires the preparation, review, amendment and negotiation of contracts. As of August 2010, according to PayScale, the salary range for a contract administrator with a bachelor’s degree is $47,252 to $62,773.
Contract administrators work with accountants, legal teams and quality assurance departments, to prepare and review contracts. The role is primarily responsible to ensure company’s contracts are fair, equitable and enforceable. Negotiating contracts and closing deals are also duties that a contract administrator performs.
Employers expect contract administrators to possess effective communication skills. In addition, knowledge of federal and state law is desirable as well as impeccable writing skills for this type of job. It is the role of the contract administrator to think critically and have the ability to create long and short-term goals in accordance with contractual commitments.
Companies often rely on contract administrators to provide regular reports on contracts and vendor relationships. Accurate recording keeping is required as well as meeting report deadlines.