Contract administrator is one who directs the activities that are concerned with the contracts for purchase or sale of goods or services. Contract administrator makes sure that the parties involved in the contract comply with the terms and conditions of the contract. A Contract administrator prepares, interprets, maintains and reviews contracts on behalf of an organization. Contract administrators should be able to provide precision and objectivity in contract administration and management and should also be able to define short-term and long-term business objectives.
How to become a Contract Administrator:
People interested to become contract administrators will have to begin with a Bachelor’s degree preferably in law or business. In addition to college degrees, candidates will also need business experience and thus additional training and special certification would be an added advantage. A person who aspires to become a contract administrator should possess skills such as ability to work with people at various business levels along with good communication skills.
Contract Administrator career courses, training, programs:
There are several Colleges and Universities that offer courses in Business Administration and Human Resources and these colleges also offer workshops on contract administration and management. These courses and workshops help students focus on cost estimation, risk management, contract laws, contract analysis and logistics.
Contract Administration career schools/colleges, education:
Contract administrators are required to have a high school diploma and a Bachelor’s degree in business or a related field. A Bachelor’s degree program in Business Administration help students learn how businesses operate and also about achieving and maintaining success. A Bachelor’s degree program in Human Resource Management trains students on communication skills, employee relations and professional collaboration.
Top 5 colleges/universities:
- Harvard University
- Yale University
- Columbia University
- University of Chicago
- Stanford University
Contract Administration job opportunities, salaries/pay:
A contract administrator is expected to earn between $85,000 and $101,600 per annum. Some companies require employees to have experience in contract management and negotiation and thus many contract administrators build experience by starting off their career as Human resource administrators or business negotiators. Depending on the candidate’s experience and certifications obtained, his job opportunities gets increased and thus can demand a higher pay.
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