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Senior contract specialist vs contracts specialist

The differences between senior contract specialists and contracts specialists can be seen in a few details. Each job has different responsibilities and duties. Additionally, a senior contract specialist has an average salary of $64,744, which is higher than the $63,727 average annual salary of a contracts specialist.

The top three skills for a senior contract specialist include contract management, contract terms and federal government. The most important skills for a contracts specialist are veterans, DOD, and contract administration.

Senior contract specialist vs contracts specialist overview

Senior Contract SpecialistContracts Specialist
Yearly salary$64,744$63,727
Hourly rate$31.13$30.64
Growth rate--6%
Number of jobs29,64127,244
Job satisfaction--
Most common degreeBachelor's Degree, 62%Bachelor's Degree, 62%
Average age4444
Years of experience--

What does a senior contract specialist do?

A senior contract specialist is responsible for reviewing business contracts and proposals, evaluating terms and conditions, and ensuring that the agreement adheres to business requirements and legislation procedures. Senior contract specialists may modify business documents to improve specifications and obligations, as well as determining the accuracy of financial provisions and feasibility. They must have an excellent understanding of the services that the company offers to identify the correct processes and formulate necessary adjustments for the contract before the final submission.

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.

Senior contract specialist vs contracts specialist salary

Senior contract specialists and contracts specialists have different pay scales, as shown below.

Senior Contract SpecialistContracts Specialist
Average salary$64,744$63,727
Salary rangeBetween $42,000 And $98,000Between $40,000 And $99,000
Highest paying CityWashington, DCWashington, DC
Highest paying stateCaliforniaDelaware
Best paying companyBrookhaven National LaboratoryGoogle
Best paying industryGovernmentGovernment

Differences between senior contract specialist and contracts specialist education

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

Senior Contract SpecialistContracts Specialist
Most common degreeBachelor's Degree, 62%Bachelor's Degree, 62%
Most common majorBusinessBusiness
Most common collegeWestern Carolina UniversityWestern Carolina University

Senior contract specialist vs contracts specialist demographics

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

Senior Contract SpecialistContracts Specialist
Average age4444
Gender ratioMale, 43.6% Female, 56.4%Male, 40.2% Female, 59.8%
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 senior contract specialist and contracts specialist duties and responsibilities

Senior contract specialist example responsibilities.

  • Manage interdepartmental teams in software procurement RFP processes.
  • Manage inventory and distribution activities of the third-party logistics provider.
  • Contract vehicles for government and commercial cover FFP, CPIF, and CPFF for administration.
  • Recommend vendor products for GSA procurement schedules.
  • Negotiate FFP and CP contracts and modifications.
  • Create a SQL code to allocate addl fix dollar rebates.
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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

Senior contract specialist vs contracts specialist skills

Common senior contract specialist skills
  • Contract Management, 11%
  • Contract Terms, 8%
  • Federal Government, 5%
  • Market Research, 5%
  • Price Analysis, 4%
  • Management System, 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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