Stories you may like
By Nsim Team
If you want to become a contract administrator, you first need to determine if this career path is a good fit for you. If the following description sounds like you, then you’re probably well suited for a career as a contract administrator:
A career as a contract administrator is a great choice for those who want a career that offers a high level of responsibility, the opportunity to negotiate contracts, the opportunity to work in a team environment, and has excellent prospects for growth.
Those who become contract administrators are typically individuals who have excellent reading comprehension skills and an eye for details. They are able to effectively review contracts and spot ambiguities, inaccuracies and inconsistencies.
If you want to become a contract administrator, you must be comfortable working closely with others and sharing your opinions with them. You should enjoy working in a business administration environment, and prefer working a typical weekday schedule.
Who is a Contract Administrator?
Contract administrators, also known as contract managers, are responsible for managing various company contracts on behalf of their employer. These contracts may include employee relations, new business proposals, and purchase, sale or rental contracts. Contract administrators must act as a liaison between the company and its business partners in order to ensure production goals are reflected in the contract, and ultimately met.
Education Needed to Become a Contract Administrator
To become a contract administrator, you typically need either an undergraduate degree combined with years of work experience related to the job, or a graduate degree.
The formal education of those who become contract administrators is typically in a field such as business, economics, accounting, mathematics, or a variety of related areas. Some employers may require their contract administrators to have a law degree, or experience working as a paralegal.
Skills and Traits Needed to Become a Contract Administrator
In order to become a successful contract administrator you need to posses a certain set of skills and personality traits. These skills and traits will not only allow you to perform your job duties with competence; they will allow you to maintain a positive attitude towards your work.
• Good working knowledge of the specific industry they work in
• Able to understand the technicalities, including language, of contractual agreements
• Able to understand the needs of an organization as they relate to various contracts
• Effective negotiation skills
• Effective management and leadership skills
• Able to detect inaccuracies, ambiguities or inconsistencies in the design of a contract
• Able to monitor and track contractor or owner performance, as it relates to contractual obligations
• Must be able to pay close attention to details when designing and reviewing contracts
• Must have exceptional communication skills
• Exceptional reading comprehension skills
Types of Organizations that Hire Contract Administrators
Contract administrators are typically hired by organizations that are involved in the management of contract resources, or contract-driven projects or business processes. These organizations include:
• Colleges and universities
• Hospitals and health care facilities
• Construction companies and contractors
• Insurance and finance companies
• Municipal, provincial/state and federal government departments
• Law firms
• Engineering firms
• Oil, gas and mining companies