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What makes a good contract manager?

By Zippia Team - Mar. 3, 2022

What makes a good contract manager is their understanding of contract terms and financial risk management and their negotiation and persuasion tactics.

To be effective as a contract manager, you need a wide range of interpersonal and technical skills, a broad base of relevant subject matter knowledge, and certain innate personal characteristics.

A good contract manager is someone who has an excellent understanding of the contract life cycle - including all of its stages and common activities. They must be able to figure out the individual steps required in each case.

To accomplish this, a contract manager should have a strong understanding of the organization and its major business operations, such as key market areas and the current business environment.

They also need to have a thorough understanding of the key regulatory topics applicable to their organization - such as data protection, import /export restrictions, anti-bribery, taxation, etc.

In addition to hard skills, a contract manager also needs to have soft skills such as communication and influence. A good contract manager can listen closely to what is said and not said and respond to people in a way that shows what they've heard is important.

This includes having a collaborative mindset indicating a willingness to help and engage with the many people involved in any particular contract, especially in different geographical locations.

What makes a good contract manager?

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