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Contract administrator/contract specialist vs contracts specialist

The differences between contract administrator/contract specialists and contracts specialists can be seen in a few details. Each job has different responsibilities and duties. Additionally, a contracts specialist has an average salary of $63,727, which is higher than the $53,425 average annual salary of a contract administrator/contract specialist.

The top three skills for a contract administrator/contract specialist include contract management, purchase orders and contract terms. The most important skills for a contracts specialist are veterans, DOD, and contract administration.

Contract administrator/contract specialist vs contracts specialist overview

Contract Administrator/Contract SpecialistContracts Specialist
Yearly salary$53,425$63,727
Hourly rate$25.69$30.64
Growth rate9%-6%
Number of jobs61,76427,244
Job satisfaction--
Most common degreeBachelor's Degree, 60%Bachelor's Degree, 62%
Average age4844
Years of experience6-

What does a contract administrator/contract specialist do?

A Contract Administrator and Contract Specialist reviews all contracts of the company. They are responsible for reviewing every contract if it is for the company's benefit and if there are hidden risks. This person also helps draft future contracts and inspects new contracts during deals and negotiations. Contract Specialists update existing contracts, propose amendments if necessary, and advise the company on contracts that have risks that may affect the activities of the company.

What does a contracts specialist do?

A contract specialist is responsible for evaluating contract agreements between the business and its clients. Contract specialists write beneficial deals that would develop good, professional working partnerships. They negotiate terms with clients, analyzing bid offers, review legislation processes and regulations, provide immediate resolution for breach of contracts, manage procurement proposals, and communicate with potential and existing clients for any amendments and clarifications. A contract specialist must have excellent communication and negotiation skills and broad knowledge of legal terminologies and contract styles.

Contract administrator/contract specialist vs contracts specialist salary

Contract administrator/contract specialists and contracts specialists have different pay scales, as shown below.

Contract Administrator/Contract SpecialistContracts Specialist
Average salary$53,425$63,727
Salary rangeBetween $35,000 And $79,000Between $40,000 And $99,000
Highest paying CityAnnapolis, MDWashington, DC
Highest paying stateMarylandDelaware
Best paying companyJacobs Engineering GroupGoogle
Best paying industryTechnologyGovernment

Differences between contract administrator/contract specialist and contracts specialist education

There are a few differences between a contract administrator/contract specialist and a contracts specialist in terms of educational background:

Contract Administrator/Contract SpecialistContracts Specialist
Most common degreeBachelor's Degree, 60%Bachelor's Degree, 62%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaWestern Carolina University

Contract administrator/contract specialist vs contracts specialist demographics

Here are the differences between contract administrator/contract specialists' and contracts specialists' demographics:

Contract Administrator/Contract SpecialistContracts Specialist
Average age4844
Gender ratioMale, 30.0% Female, 70.0%Male, 40.2% Female, 59.8%
Race ratioBlack or African American, 8.8% Unknown, 4.4% Hispanic or Latino, 12.2% Asian, 7.6% White, 66.3% American Indian and Alaska Native, 0.8%Black or African American, 6.4% Unknown, 4.6% Hispanic or Latino, 9.4% Asian, 8.8% White, 70.4% American Indian and Alaska Native, 0.4%
LGBT Percentage7%11%

Differences between contract administrator/contract specialist and contracts specialist duties and responsibilities

Contract administrator/contract specialist example responsibilities.

  • Lead the projects through initial project execution at local CMO's.
  • Create operational efficiencies by effectively managing databases containing RFP library responses and approve responses to request revisions to form agreements.
  • Ensure refund to DLA from vendor if applicable.
  • Make recommendations to the ACO concerning property issues as required.
  • Monitor the contractor's purchase material and vendor QA controls.
  • Review and analyzes contractor or vendor QA data and adjusts receiving process.
  • Show more

Contracts specialist example responsibilities.

  • Manage multiple task orders in an IDIQ environment.
  • Provide clarity on medical and drug cover benefits for a Medicare advantage insurance plan.
  • Manage inventory and distribution activities of the third-party logistics provider.
  • Develop marketing strategies to expand Medicaid manage care provider network and enrollment.
  • Manage the influenza vaccine annual contracting and RFP process for a national specialty pharmaceutical distributor.
  • Process purchase orders and subcontracts, including managing insurance requirement compliance and certify payroll documentation.
  • Show more

Contract administrator/contract specialist vs contracts specialist skills

Common contract administrator/contract specialist skills
  • Contract Management, 13%
  • Purchase Orders, 12%
  • Contract Terms, 9%
  • Data Entry, 9%
  • Price Analysis, 6%
  • Defense Finance, 3%
Common contracts specialist skills
  • Veterans, 7%
  • DOD, 7%
  • Contract Administration, 6%
  • Contract Terms, 5%
  • Contract Management, 5%
  • Market Research, 5%

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