Contract administrator is a person who performs all contract related tasks in organization or in company. He manages all the formalities of the contracts that are made by the company. He assists all the technicians concerned with the services, production, materials, schedules and the accuracy.
He is the professional who makes deals with the people and signs the contracts. He helps in getting the contracts. He prepares all the required papers and documents related to the contracts and provide it to the concerned company.
He is accounted for all the interactions between the firm and the partner with whom the contract is to be signed. He makes sure that both the parties are up to their words and the deal is beneficial for all.
He makes sure that quality of the contract should be maintained in every possible way. He should make sure that whatever the contracts has in it, it is under the rules and policies of the particular firm or organization. He can suggest making the contract more effective and strong. He can send mails and arrange meetings with the company authorities and clients regarding any detail of the contract. His technical skills make contract more beneficial to the company and the client.
Skills and education
A bachelor degree in science of pre- law gives the basic education of the profile concerned. Degree in management will hamper and is added as an extra advantage in getting into this profession. Degree of law also helps an aspirant to become a good contract administrator. Some experience of handling the contracts will add an advantage.
He should be capable of handling different contracts at one time. He must have a good knowledge of laws and legislation so that he can understand the legal prospects of the contracts easily. He should maintain all the records of the contracts regularly and update it as per requirement.
He must have good knowledge of computers and latest technologies. He should be a good negotiator and have good communication skills. He should be able to handle difficult situations in times of need. He must have excellent organizational skills so that he can maintain balance between the company and the client. He should be aware of all the procedures of the contracts so that when in need he can make any improvements. He should keep one thing in mind while performing this job; he should know that he has great responsibility on his shoulders and a single mistake will cause hazards for the company and the client.
The growth of contract administrator is good. He can join any company or firm because every organization requires these professionals. The annual salary for contract administrators was $83,500 in 2018. Today, as the employment increases in this field, their salaries and perks are on increase too. So we can say that they have a good and secure future.