dcsimg

CONTRACT ADMINISTRATOR

Being a contract administrator is both dynamic and challenging, and it's a career that requires specialized training and education. But it also offers great opportunities in a wide range of industries.

Contract Administrator

Contract administration (also known as contract management) is both a dynamic and challenging profession, and it's one that requires specialized education, training and work experience. Contract managers and administrators can be found in organizations across both public and private sectors, and are important pillars of law and litigation.

Whether working for a federal government contractor or a Fortune 500 company, contract administrator duties may cover a wide range of responsibilities, including the following:

  • Contract negotiation
  • Project management and coordination
  • Contract oversight
  • Goods and services procurement
  • Conflict resolution
  • Contract closeout and financial payment administration

For example, the National Association of Letter Carriers has a Contract Administration Unit, which is responsible for contract oversight, manages the grievance system and provides support to regional offices throughout the country.

College iconContract Administrator Education

There are multiple educational paths to becoming a contract administrator, including accounting, business administration, accounting, economics, law and more. Generally speaking, contract administrators transition into the role after developing work experience in a related field.

Although specific educational requirements vary by industry and position, a majority of contract specialists possess either a bachelor's or master's degree. According to 2013 data from the National Contract Management Association, 41% of contract administrators hold bachelor's degrees, while 43% have a master's degree. The complete degree breakdown includes:

  • Doctorate: 6%
  • Master's degree: 43%
  • Bachelor's degree: 41%
  • Associate degree: 3%
  • No college degree: 7%

Checkmark icon3 Types of Contract Administrators

In order to advance their careers or receive additional training, contract administrators may turn to the National Contract Management Association (NCMA) or International Association for Contract and Commercial Management (IACCM) for professional certifications. NCMA certifications include the following:

Certified Professional Contracts Manager (CPCM). The CPCM is the most advanced and desired certification within the contract management industry. It demonstrates the certificate holder has mastered the competencies found in the Contract Management Body of Knowledge.

Certified Federal Contracts Manager (CFCM). The CFCM certification demonstrates senior understanding of and experience with Federal Acquisition Regulation, the system of rules that govern the Federal Acquisition Regulation System — how the government purchases both services and goods.

Certified Commercial Contracts Manager (CCCM). The CCCM certification demonstrates fundamental knowledge and experience with the Uniform Commercial Code — the basis for the governing of both commercial transactions and sales in the United States.

Other common certifications from the NCMA include the Industry Certification in Contract Management - Defense (ICCM-D) and the Industry Certification in Contract Management - Federal (ICCM-F). The International Association for Contract and Commercial Management offers three main certifications based on years of experience: Associate (CCMA), Practitioner (CCMP) and Expert (CCME).

Career Outlook for Contract Administrators

Specific job titles depend on specific positions, but common titles include contract manager, contract supervisor or director, contract administrator and contract specialist. For the umbrella position, contract administrators, the 2013 national median wage was $96,000 according to the National Contract Management Association's annual survey. Data from that survey revealed experience plays a factor in earnings as professionals under 35 years of age had median earnings of $72,000 per year, while those 55 and older earned a median salary of $110,000.

The top-paying metro locations include Washington DC ($112,400), Phoenix ($110,000) and Houston ($105,000). Contract managers also earned more than $100,000 in 2013 in Boston, New York and the Minneapolis/St. Paul region.

Individuals interested in pursuing a career in the field should learn how a degree and training in contract administration or management could pave the way for a variety of potential employment opportunities by online schools for law.

Find Contract Administrator programs near you
Select Degree Type
Sources

1. International Association for Contract & Commercial Management (IACCM); https://www.iaccm.com/
2. The Role of the Contract Manager, International Association for Contract & Commercial Management, https://www.iaccm.com/resources/?id=7156&cb=1414469224&
3. Contract Administration Unit, National Association for Letter Carriers, http://www.nalc.org/workplace-issues/contract-administration-unit
4. 2013 Contract Management Salary Survey, National Contract Management Association, http://www.ncmahq.org/files/FileDownloads/CM0114%20-%20Salary%20Survey.pdf
5. Professional Certifications, National Contract Management Association, http://www.ncmahq.org/ProfessionalDevelopment/content.cfm?ItemNumber=6086&navItemNumber=9985