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Contracts specialist vs contract coordinator

The differences between contracts specialists and contract coordinators 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 $43,318 average annual salary of a contract coordinator.

The top three skills for a contracts specialist include veterans, DOD and contract administration. The most important skills for a contract coordinator are customer service, data entry, and contract management.

Contracts specialist vs contract coordinator overview

Contracts SpecialistContract Coordinator
Yearly salary$63,727$43,318
Hourly rate$30.64$20.83
Growth rate-6%9%
Number of jobs27,24438,845
Job satisfaction--
Most common degreeBachelor's Degree, 62%Bachelor's Degree, 60%
Average age4444
Years of experience--

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.

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.

Contracts specialist vs contract coordinator salary

Contracts specialists and contract coordinators have different pay scales, as shown below.

Contracts SpecialistContract Coordinator
Average salary$63,727$43,318
Salary rangeBetween $40,000 And $99,000Between $32,000 And $58,000
Highest paying CityWashington, DCNew York, NY
Highest paying stateDelawareConnecticut
Best paying companyGoogleAbbVie
Best paying industryGovernmentFinance

Differences between contracts specialist and contract coordinator education

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

Contracts SpecialistContract Coordinator
Most common degreeBachelor's Degree, 62%Bachelor's Degree, 60%
Most common majorBusinessBusiness
Most common collegeWestern Carolina UniversityWestern Carolina University

Contracts specialist vs contract coordinator demographics

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

Contracts SpecialistContract Coordinator
Average age4444
Gender ratioMale, 40.2% Female, 59.8%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 contracts specialist and contract coordinator duties and responsibilities

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 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

Contracts specialist vs contract coordinator skills

Common contracts specialist skills
  • Veterans, 7%
  • DOD, 7%
  • Contract Administration, 6%
  • Contract Terms, 5%
  • Contract Management, 5%
  • Market Research, 5%
Common contract coordinator skills
  • Customer Service, 12%
  • Data Entry, 7%
  • Contract Management, 6%
  • Excellent Organizational, 5%
  • Patients, 5%
  • PowerPoint, 4%

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