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In today’s businesses, contracts are crucial because they are official agreements that outline what an employee must do for the company. As contracts become more and more important, companies are realising they need Contract Managers. This has led to a lot of people wanting to become Contract Managers, and they’re all curious about what the Contract Manager Job Description involves.
As the importance of contracts continues to grow, the demand for skilled Contract Managers is on the rise. But what exactly does a Contract Manager do? What qualifications and skills are necessary to excel in this role? Let's delve into the comprehensive Contract Manager Job Description and uncover the path to a successful career in Contract Management.
Table of Contents
1) Who is a Contract Manager?
2) Contract Manager Job Description examples
3) Entry-level positions leading to a Contract Manager role
4) Career advancements beyond the Contract Manager position
5) What does a Contract Manager need to do?
6) What qualifications does a Contract Manager need?
7) What is a Contract Manager’s average salary?
8) Conclusion
Who is a Contract Manager?
A Contract Manager is simply someone who supervises the creation of contracts for an organisation. Whenever any organisation indulges in business with a vendor, partner, employee or customer, the organisation’s Contract Manager is tasked with the preparation, analysis and negotiation of contracts.
Negotiation, analysis, preparation and revision of contracts is part of a Contract Manager’s Job Description. The contracts may involve the purchase or sale of products and services like supplies, materials, equipment and other items.
Further, Contract Managers look over the projects that are performed in partnership between one organisation and another. They are primarily responsible for the coordination of every aspect of the project – such as reviewing and approving terms of the contract, coordinating deadlines, creating appropriate budgets and more. Contract Managers can work across several industries, including real estate development, health care, and government agencies. Contract Managers usually begin their careers as Contract Specialists and work their way up to management.
Contract Manager Job Description examples
Below are examples of a Contract Manager Job Description. Have a detailed look at each example and learn what skills and qualifications companies expect from prospective job seekers:
Example 1:
Company overview: Our client, a distinguished London-based firm specialising in passive fire protection, offers comprehensive fire-stopping solutions and expert consultancy services across the span of projects. With a steadfast commitment to excellence from inception to completion, they foster robust partnerships with esteemed clients like Mace, Multiplex, and Vinci, as well as with subcontractors, suppliers, and community members. Their dedication ensures all fire-stopping tasks are executed with the utmost professionalism and are fully certified by third parties. Role summary: In response to surging project demands and an ambition for corporate growth, our client is eager to augment their team. They present an opportunity for entirely remote work, with periodic in-office meetings. Key responsibilities: Contract Management: 1) Crafting and submitting estimates and proposals to clients. 2) Conducting contract negotiations. 3) Administering the contract timeline. Team oversight: 1) Delegating responsibilities to team members. 2) Tracking project advancement. 3) Addressing and resolving project-related issues. Client communication: 1) Maintaining ongoing dialogue with clients to provide updates and resolve any concerns. Rewards and benefits: 1) A nurturing environment that values employee development, offering stable, long-term employment. 2) The flexibility of working remotely is complemented by monthly in-office gatherings. 3) A competitive salary ranging from £45,000 to £55,000, commensurate with skills and experience. 4) A performance-based generous bonus structure. 5) Provision of a company car following a six-month tenure. Candidate profile: The ideal candidate will be an adept Contracts Manager with a robust background in passive fire protection and a track record of effective management. Candidates should possess a minimum of 5 years of experience in fire-stopping and have worked in passive fire protection. A stable work history, with at least two years at each prior employer, is crucial. Position details: 1) Employment Type: Full-time, Permanent 2) Salary: £45,000 - £55,000 annually Additional benefits: 1) Company-provided vehicle 2) Company-sponsored pension plan 3) Remote work option Work schedule: Monday to Friday Supplemental compensation: Bonus program Experience requirements: 1) Contract Management: Minimum of 3 years (mandatory) 2) Passive fire protection: Minimum of 3 years (mandatory) |
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Example 2:
Job description: Contract Manager Position title: Contract Manager Location: Leicester The role of a Contracts Manager is crucial in ensuring that an organisation’s contracts are effectively managed throughout their lifecycle. Let’s break down the key responsibilities and skills associated with this position: Key responsibilities: 1) Contract lifecycle management: Oversee the entire contract lifecycle, from negotiation to execution, ensuring compliance with legal and company standards. 2) Negotiation and drafting: Negotiate contract terms, draft agreements, and track contracts through their lifecycles. 3) Risk mitigation: Identify and mitigate risks to safeguard the organization’s interests. 4) Communication: Serve as the point of contact for all contract-related matters, maintaining effective communication with stakeholders. 5) Record keeping: Maintain records for correspondence and documentation related to established contracts. Key skills: 1) Technical background: Familiarity with Building Services (e.g., HVAC, M&E, Refrigeration). 2) Team management: Experience in managing teams. 3) Supply chain performance: Ability to manage supplier performance. 4) Contract negotiation: Proficiency in negotiating contract terms. 5) Client-facing skills: Strong client interaction experience. 6) Flexibility: Adaptability to varying working hours, including weekends and out-of-hours. 7) Mobility: Willingness to travel throughout the UK, with nights away from home. 8) IT Literacy: Familiarity with Microsoft packages. 9) Customer focus: Organised, flexible, and professional with a focus on customer satisfaction. 10) Legal compliance: Strong adherence to legal compliance. Job types: Full-time, Permanent Salary: £42,000.00-£58,000.00 per year Schedule: 8-hour Location: In person |
Example 3:
Job description: Contract Manager Position title: Contract Manager Location: Birmingham Job summary: We are seeking a highly organised and detail-oriented Contract Manager to join our team. The candidate will be accountable for overseeing the preparation, negotiation, and administration of all company contracts. This role ensures compliance with contractual terms and conditions, manages contract disputes and maintains strong relationships with clients, vendors, and internal stakeholders. Key responsibilities: 1) Contract development and negotiation: Draft, review, and negotiate contracts, ensuring terms and conditions meet company standards and compliance requirements. 2) Contract administration: Manage the lifecycle of contracts from initiation to renewal or termination, ensuring all contractual obligations are met. 3) Vendor and client relations: Serve as the primary point of contact for contract-related matters. Foster and maintain positive relationships with clients, vendors, and internal teams. 4) Performance monitoring: Track and report on contract performance metrics. Ensure all parties adhere to the terms and timelines stipulated in the contracts. 5) Documentation and record keeping: Maintain accurate and up-to-date records of all contracts and related documentation. Ensure all files are stored and accessible as needed. 6) Training and support: Provide training and guidance to staff on Contract Management processes and best practices. Qualifications: 1) Bachelor’s degree in Business Administration, Law, or a related field 2) Strong understanding of contract law and regulations 3) Excellent negotiation, communication, and interpersonal skills 4) Exceptional attention to detail and organisational skills 5) Proficiency in Contract Management Software and Microsoft Office Suite 6) Strong analytical and problem-solving skills Preferred qualifications: 1) Master’s degree in Business Administration, Law, or a related field 2) Certification in Contract Management (e.g., CPCM, CCCM) 3) Experience in Contract Management Working conditions: 1) This position may require occasional travel. 2) Standard office environment with opportunities for remote work. Company benefits: 1) Competitive salary and performance bonuses 2) Comprehensive health and wellness benefits 3) Opportunities for professional development and growth |
Example 4:
Position title: Contract Manager Location: Southampton Job summary: We are looking for an experienced and meticulous Contract Manager to join our dynamic team. The candidate will be accountable for handling all aspects of our company's contracts, including negotiation, compliance, and administration. This role plays an important part in ensuring that all contractual agreements support our business objectives and mitigate risks. Key responsibilities: 1) Contract negotiation and drafting: Prepare, examine, and negotiate various types of contracts, such as supplier agreements, service contracts, and partnership agreements. 2) Compliance and risk management: Ensure all contracts comply with applicable laws and regulations. 3) Contract administration: Oversee the contract lifecycle, including execution, performance monitoring, amendments, and renewals. Maintain an organised system of physical and digital records. 4) Issue resolution: Address and resolve any disputes or issues arising from contracts promptly and effectively. 5) Performance tracking: Monitor contract performance and ensure that all parties fulfil their obligations. Report on contract status and performance metrics to senior management. 6) Training and development: Provide training to staff on Contract Management procedures and best practices. Qualifications: 1) Bachelor’s degree in Business Administration, Law, or a related field 2) At least 3-5 years of experience in Contract Management or a related role 3) In-depth knowledge of contract law and legal principles 4) Strong negotiation and communication skills 5) Excellent attention to detail and organisational abilities 6) Proficient in Contract Management Software and Microsoft Office Suite 7) Strong problem-solving and analytical skills Preferred qualifications: 1) Master’s degree in Business Administration, Law, or a related field 2) Professional certification in contract management (e.g., CPCM, CCCM) 3) Experience in [specific industry] Working conditions: 1) This role may require occasional travel for meetings and contract negotiations. 2) The position is based in an office environment, with the possibility of remote work arrangements. Company benefits: 1) Competitive salary with performance-based bonuses 2) Comprehensive health and wellness benefits 3) Opportunities for career growth and professional development About us: [Company Name] is a prominent player in the [industry] sector, known for our commitment to excellence and innovation. Join us and be part of a team that values integrity, creativity, and dedication. |
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Entry-level positions leading to a Contract Manager role
Apart from internships or graduate courses, a Contract Manager will probably take over the Contract Manager position description after getting experience in a junior position within the organisation.
Contract Assistant
Scheduling supplier meetings, organising contract files, and creating paperwork are just a few of the tasks that contract assistants do to help the Contract Management team. Due to its proximity to the entire Contract management process, this position is the perfect stepping stone for a Contract Manager. It's likely that before taking on the role of Contract Manager, formal training will be needed.
Career advancements beyond the Contract Manager position
A Contract Manager can advance to a number of other positions on the career ladder through a largely linear career path.
Contract Director
Contract Directors manage a group of employees and a portfolio of contracts. Because of their knowledge, they can assist in challenging negotiations and offer guidance on complex deals. Contract Directors will have accumulated management expertise as Contract Managers over a number of years.
Chief Procurement Officer
A Chief Procurement Officer will manage and guide the purchasing department's strategic direction in this role. They will manage organisational budgets, negotiate with essential suppliers, and create and execute the organisation's Contract Management and buying processes.
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What does a Contract Manager need to do?
The daily responsibilities of a Contract Manager may vary depending on the size of the organisation and the products or services manufactured and sold by the company. In most cases, the Contract Manager ensures that every contract signed benefits the organisation.
Contract Managers oversee contracts that their employers are involved with, so they must possess an in-depth knowledge of contract features. Now, let's have a look at some of their most typical duties and responsibilities:
1) Creating, analysing, negotiating and executing contracts: A Contract Manager has to create, analyse, negotiate and execute contracts for various transactions. They must manage contracts and services in accordance with company policies.
2) Developing and maintaining relationships: A Contract Manager has to establish and maintain cordial relationships with vendors, clients and other business connections.
3) Preparing terms and conditions in a contract: A Contract Manager must prepare and negotiate the terms and conditions included in contracts. They must also assist in preparing various contracts associated with an organisation.
4) Presenting contract information to relevant parties: A Contract Manager is responsible for the presentation of contract information to relevant parties such as stakeholders.
5) Maintaining contract-related documents: A Contract Manager has to ensure that all contract-related documentation is up to date and maintained with care.
6) Troubleshooting contract-related problems: A Contract Manager is tasked with the responsibility of troubleshooting contract-related issues such as breach of contract.
7) Keeping an account of contracts and extending, renewing or terminating contracts: A Contract Manager has to keep an account of all the contracts in an organisation. They also must help extend, renew and terminate contracts whenever necessary.
8) Assisting with compliance: A Contract Manager must assist an employer in compliance with mandatory standards. They must also ensure contract compliance with the company’s policies and procedures, even regarding employees.
9) Staying updated about relevant changes: A Contract Manager must also be acquainted and updated on any recent changes to an organisation's pertinent rules and regulations.
10) Resolving legal disputes: Lastly, being acquainted with the legal rules and regulations concerning a contract is an essential prerequisite, as a Contract Manager needs to resolve legal conflicts whenever required.
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What qualifications does a Contract Manager need?
A Contract Manager needs the relevant education and experience to excel in their domain of expertise. They will usually need to have some or all of the qualifications listed below:
What education does a Contract Manager need?
A Contract Manager needs to have the following educational qualifications:
1) Bachelor of Business Administration degree
2) Master of Business Administration degree
3) Certified Commercial Contracts Manager (CCCM) Certification awarded by the National Contract Management Association (NCMA)
4) Certified Professional Contracts Manager (CPCM) Certification awarded by the NCMA
5) Certified Federal Contracts Manager (CFCM) Certification from the NCMA
What experience does a Contract Manager need?
A Contract Manager needs to have the following experience and soft skills in his resume. The qualifications are:
1) Minimum experience of 5 or more years in a similar role
2) Proficiency in Microsoft Office
3) Strong computer skills
4) Expert proficiency in verbal and written communication
5) Strong interpersonal skills
6) Strong organisational skills
7) Ability and experience working in a fast-paced, team environment
8) Strong time management skills
9) Ability to perform under pressure
10) Highly trained and developed attention to detail
11) Commendable multi-tasking skills
12) Ability to deal effectively with confidential information
What is a Contract Manager’s average salary?
The estimated average salary of a Contract Manager depends on several parameters, including location and experience level. Here's a complete breakdown of a Contract Manager's salary:
Country |
Level of experience |
Salary |
United Kingdom |
Freshers |
£34,000 |
Intermediate |
£54,000 |
|
Experienced |
£90,000 |
|
United States |
Freshers |
$58,000 |
Intermediate |
$92,000 |
|
Experienced |
$146,000 |
|
India |
Freshers |
₹5,75,000 |
Intermediate |
₹13,00,000 |
|
Experienced |
₹30,00,000 |
|
Australia |
Freshers |
A$89,000 |
Intermediate |
A$135,000 |
|
Experienced |
A$270,000 |
|
Canada |
Freshers |
CA$66,000 |
Intermediate |
CA$100,000 |
|
Experienced |
CA$155,000 |
|
United Arab Emirates |
Freshers |
AED384,000 |
Intermediate |
AED744,000 |
|
Experienced |
AED1,536,000 |
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Conclusion
The role of a Contract Manager is integral to modern organisations, as contracts play a pivotal role in defining roles and responsibilities. This comprehensive Contract Manager Job Description highlights the diverse responsibilities, from creating and negotiating contracts to ensuring compliance and resolving disputes.
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Frequently Asked Questions
A Project Manager supervises the completion of specified projects. They focus on deliverables and timelines. On the other hand, a Contract Manager handles the creation, negotiation, and compliance of contracts within an organisation.
The level of stress in a Contract Manager role can change depending on factors such as workload, deadlines, and the complexity of contracts being managed within the organisation.
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