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Contractor/consultant vs contract coordinator

The differences between contractor/consultants and contract coordinators can be seen in a few details. Each job has different responsibilities and duties. Additionally, a contractor/consultant has an average salary of $84,811, which is higher than the $43,318 average annual salary of a contract coordinator.

The top three skills for a contractor/consultant include healthcare, post implementation and data analysis. The most important skills for a contract coordinator are customer service, data entry, and contract management.

Contractor/consultant vs contract coordinator overview

Contractor/ConsultantContract Coordinator
Yearly salary$84,811$43,318
Hourly rate$40.77$20.83
Growth rate11%9%
Number of jobs64,57338,845
Job satisfaction5-
Most common degreeBachelor's Degree, 64%Bachelor's Degree, 60%
Average age4444
Years of experience--

What does a contractor/consultant do?

A contractor is a self-employed businessperson who agrees to work for a fixed price. His/her job involves the evaluation of clients' needs and actual performance of work. On the other hand, a consultant is a skilled independent businessperson who provides expert teaching and training in a specific market by assisting existing staff for the improvement of operations, problem-solving, and development of strategies. His/her role is to assess clients' needs and provide expert advice and opinion. However, both individuals are not employees, since they came from outside of the organization to perform such services.

What does a contract coordinator do?

Contract Coordinators manage the company's contracts with suppliers, vendors, or other external parties. They keep track of all existing agreements and ensure that these agreements are properly documented. They manage the hard copy of the contracts, update suppliers' records, and review contracts to ensure that the best deals are made for their company. They also keep track of all the suppliers and their performance as vendors when tapped by the company. Contract Coordinators oversee different contracts' fulfillment to guarantee that all agreements and stipulations are met, especially deadlines and engagement specifications.

Contractor/consultant vs contract coordinator salary

Contractor/consultants and contract coordinators have different pay scales, as shown below.

Contractor/ConsultantContract Coordinator
Average salary$84,811$43,318
Salary rangeBetween $58,000 And $123,000Between $32,000 And $58,000
Highest paying CityBoston, MANew York, NY
Highest paying stateNew JerseyConnecticut
Best paying companyCernerAbbVie
Best paying industryTechnologyFinance

Differences between contractor/consultant and contract coordinator education

There are a few differences between a contractor/consultant and a contract coordinator in terms of educational background:

Contractor/ConsultantContract Coordinator
Most common degreeBachelor's Degree, 64%Bachelor's Degree, 60%
Most common majorBusinessBusiness
Most common collegeWestern Carolina UniversityWestern Carolina University

Contractor/consultant vs contract coordinator demographics

Here are the differences between contractor/consultants' and contract coordinators' demographics:

Contractor/ConsultantContract Coordinator
Average age4444
Gender ratioMale, 66.2% Female, 33.8%Male, 30.0% Female, 70.0%
Race ratioBlack 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%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 Percentage11%11%

Differences between contractor/consultant and contract coordinator duties and responsibilities

Contractor/consultant example responsibilities.

  • Manage design and development of cloud-base billing application for streamlining payroll and invoicing, as well as offering real-time business analytics.
  • Assist PMO in defining project scope, task and budget, collaborating closely with developers.
  • Bill and provide appropriate documentation to submit reimbursement for services to appropriate insurance to include Medicaid, Medicare, etc.
  • Motivate and ensure SME team member engagement in projects.
  • Provide Linux server setup, documentation, and internal support.
  • Develop and implement SQL store procedures and DTS packages to process client billing data.
  • Show more

Contract coordinator example responsibilities.

  • Manage PeopleSoft for files in all departments, along with internal intranet managing.
  • Manage tight deadlines to perform experiments, troubleshoot, submit documents, and train personnel.
  • Manage collections, account reconciliation, discrepancies, payments and create spreadsheets, A/R, A/P and supervise receptionist.
  • Manage technical and non-technical vendors to ensure competitive pricing and timely delivery, with proper RFP's and SLA agreements.
  • Assist management in facilitating start-up QSR accounts while effectively managing GPO accounts.
  • Manage expectations of DCMA / DCAA regulators and when necessary defend evaluated/negotiated positions.
  • Show more

Contractor/consultant vs contract coordinator skills

Common contractor/consultant skills
  • Healthcare, 30%
  • Post Implementation, 25%
  • Data Analysis, 7%
  • Project Management, 5%
  • Financial Statements, 3%
  • Medicaid, 3%
Common contract coordinator skills
  • Customer Service, 12%
  • Data Entry, 7%
  • Contract Management, 6%
  • Excellent Organizational, 5%
  • Patients, 5%
  • PowerPoint, 4%

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