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Procurement cost coordinator vs contracts manager

The differences between procurement cost coordinators and contracts managers can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 1-2 years to become a procurement cost coordinator, becoming a contracts manager takes usually requires 4-6 years. Additionally, a contracts manager has an average salary of $72,691, which is higher than the $63,618 average annual salary of a procurement cost coordinator.

The top three skills for a procurement cost coordinator include coordinators, purchase orders and cost analysis. The most important skills for a contracts manager are contract management, contract administration, and contract terms.

Procurement cost coordinator vs contracts manager overview

Procurement Cost CoordinatorContracts Manager
Yearly salary$63,618$72,691
Hourly rate$30.59$34.95
Growth rate-3%-6%
Number of jobs27,76713,218
Job satisfaction--
Most common degreeBachelor's Degree, 69%Bachelor's Degree, 63%
Average age4547
Years of experience26

Procurement cost coordinator vs contracts manager salary

Procurement cost coordinators and contracts managers have different pay scales, as shown below.

Procurement Cost CoordinatorContracts Manager
Average salary$63,618$72,691
Salary rangeBetween $40,000 And $100,000Between $45,000 And $116,000
Highest paying City-San Francisco, CA
Highest paying state-California
Best paying company-McKinsey & Company Inc
Best paying industry-Technology

Differences between procurement cost coordinator and contracts manager education

There are a few differences between a procurement cost coordinator and a contracts manager in terms of educational background:

Procurement Cost CoordinatorContracts Manager
Most common degreeBachelor's Degree, 69%Bachelor's Degree, 63%
Most common majorBusinessBusiness
Most common collegeUniversity of PennsylvaniaStanford University

Procurement cost coordinator vs contracts manager demographics

Here are the differences between procurement cost coordinators' and contracts managers' demographics:

Procurement Cost CoordinatorContracts Manager
Average age4547
Gender ratioMale, 42.8% Female, 57.2%Male, 54.0% Female, 46.0%
Race ratioBlack or African American, 10.1% Unknown, 4.9% Hispanic or Latino, 16.6% Asian, 7.0% White, 60.9% American Indian and Alaska Native, 0.5%Black or African American, 9.0% Unknown, 3.8% Hispanic or Latino, 12.2% Asian, 7.4% White, 67.2% American Indian and Alaska Native, 0.3%
LGBT Percentage11%11%

Differences between procurement cost coordinator and contracts manager duties and responsibilities

Procurement cost coordinator example responsibilities.

  • Communicate thoroughly with factories abroad to receive and negotiate CMT prices to attain target mark-ups prior to bulk production.
  • Utilize EDI communications to manage customer requirements and shipment coordination.
  • Process supplier price changes for distribution to billing coordinators.
  • Implement the correction of BOM's working closely with the engineering department in order to have an accurate material requirements planning.
  • Document and generate the bill- of- materials (BOM), listing all maintenance materials/ parts for a specific maintenance tasks.
  • Verify insurance, process payments and maintain patients records securely and handle in compliance with HIPPA privacy and security regulations.
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Contracts manager example responsibilities.

  • Manage ISO requirements for sales and marketing.
  • Manage IDIQ contracts including task and delivery orders.
  • Manage RFI's and change orders through close out.
  • Manage all material for a non MRP driven program manually.
  • Coach and direct the IPT for use of proper policies to achieve goals.
  • Lead two DCAA audits for a $60 million project resulting in no-cost findings during tenure as manager.
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Procurement cost coordinator vs contracts manager skills

Common procurement cost coordinator skills
  • Coordinators, 15%
  • Purchase Orders, 13%
  • Cost Analysis, 11%
  • Administrative Functions, 9%
  • Cost Control, 9%
  • Cost Sheets, 9%
Common contracts manager skills
  • Contract Management, 9%
  • Contract Administration, 6%
  • Contract Terms, 5%
  • Project Management, 5%
  • Customer Service, 4%
  • Proposal Preparation, 3%

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