contract administration salary

The average annual salary for a Remote Contract Administrator in the United States is $77,709 as of May 15, 2022.
In case you need a quick salary calculation, that works out to about $37.36 per hour. This equates to $1,494 each week or $6,476 per month.
While ZipRecruiter reports annual salaries as high as $160,000 and as low as $22,500, the majority of Remote Contract Administrator salaries in the United States currently range from $45,500 (25th percentile) to $103,000 (75th percentile), with top earners (90th percentile) earning $135,000 per year. The average salary range for a Remote Contract Administrator ranges substantially (up to $57,500), implying that there may be numerous opportunities for growth and greater income dependent on skill level, location, and years of experience.

According to recent ZipRecruiter job posts, the Remote Contract Administrator job market in Atlanta, GA, and the surrounding area is quite active. A Remote Contract Administrator in your area earns an average of $77,872 a year, which is $163 (120 percent) higher than the national average annual salary of $77,709. Remote Contract Administrator salaries in Georgia rank 43rd out of 50 states.

We have regularly examined the database of millions of active jobs advertised locally throughout America to estimate the most accurate annual salary range for Remote Contract Administrator employment.

Contract Administrator Salary Ranges

Contracts Administrators earn salaries ranging from $36,741 to $172,950 a year in the United States, with a median salary of $80,390. The middle 57% of Contracts Administrators earn between $80,390 and $108,120 per year, with the top 86 percent earning $172,950.

Contract Administrator Salaries by Location

Employees with the job title Contract Administrator earn 29.0 percent more than the national average in San Diego, California. These salaries are also paid more than the national average in New York, New York (11.7 percent more) and Los Angeles, California (8.4 percent more). Huntsville, Alabama (5.2 percent less) and Dallas, Texas have the lowest salaries (0.8 percent less).

What are the Top 10 Best Cities for Remote Contract Administrator Jobs?

We’ve identified ten cities where the typical salary for a Remote Contract Administrator job is higher than the national average. San Mateo, CA tops the list, with Berkeley, CA, and Daly City CA close behind in second and third place. Daly City, CA outperforms the national average by $16,197 (20.8 percent), while San Mateo, CA outperforms the national average by another $19,649 (25.3 percent).

Importantly, the Remote Contract Administrator job market in San Mateo, CA is somewhat active, with only a few organizations now hiring for this type of work.

With average salaries higher than the national average in these ten cities, the opportunities for economic progress by shifting locations as a Remote Contract Administrator appear to be extremely profitable.

Finally, the average salary for these top ten locations changes very little, at 11 percent between San Mateo, CA and New Haven, CT, reinforcing the limited opportunity for wage advancement. When weighing location and salary for a Remote Contract Administrator employment, the possibility of a cheaper cost of living may be the most important thing to consider.

CityAnnual SalaryMonthly PayWeekly PayHourly Wage
San Mateo, CA$97,358$8,113$1,872$46.81
Berkeley, CA$94,170$7,847$1,811$45.27
Daly City, CA$93,906$7,826$1,806$45.15
Richmond, CA$91,215$7,601$1,754$43.85
Stamford, CT$88,821$7,402$1,708$42.70
Bellevue, WA$88,590$7,382$1,704$42.59
Brooklyn, NY$87,318$7,277$1,679$41.98
San Francisco, CA$87,193$7,266$1,677$41.92
Knik-Fairview, AK$87,058$7,255$1,674$41.85
New Haven, CT$86,545$7,212$1,664$41.61

Popular Employers of Contract Administrators

Northrop Grumman Corporation, Humana, Inc., and Tenet Healthcare Corporation are the top three respondents for the job title Contract Administrator. Humana, Inc. has the highest reported salaries, with an average salary of $80,000. Northrop Grumman Corporation and Tesoro Petroleum Corporation also pay well for this position, with salaries starting at $72,957 and $70,000, respectively. Raytheon Company pays the least, roughly $58,832. Tenet Healthcare Corporation and ICF International pay at the lower end of the scale as well, with $59,989 and $64,714, respectively.

What are the Top 5 Best Paying Remote Contract Administrator Jobs in the United States?

We discovered at least five Remote Contract Administrator jobs that pay more per year than the average Remote Contract Administrator salary. Senior Informatica Administrator, Informatica Administrator, and Peoplesoft Systems Administrator are just a few examples.

All of these jobs pay between $17,512 (22.5%) and $36,036 (46.4%) more than the average Remote Contract Administrator salary of $77,709. If you’re qualified, being recruited for one of these comparable Remote Contract Administrator positions could help you earn more than the average Remote Contract Administrator position.

Job TitleAnnual SalaryMonthly PayWeekly PayHourly Wage
Senior Informatica Administrator$113,745$9,479$2,187$54.69
Informatica Administrator$111,729$9,311$2,149$53.72
Peoplesoft Systems Administrator$101,476$8,456$1,951$48.79
Senior Tools Administrator$100,038$8,336$1,924$48.10
Lead System Administrator$95,221$7,935$1,831$45.78

What Is the Pay Scale for Contract Administrators Based on Experience Level?

Based on 112 salaries, an entry-level Contract Administrator with less than one year of experience can expect to make an average total compensation (tips, bonus, and overtime pay) of $51,209. According to 1,161 salaries, an early career Contract Administrator with 1-4 years of experience gets an average total salary of $58,007 per year. Based on 637 salaries, a mid-career Contract Administrator with 5-9 years of experience gets an average total salary of $65,671. Based on 591 salaries, an experienced Contract Administrator with 10-19 years of experience gets an average total salary of $70,439 per year. Employees in their late-career (20 years and up) earn an average total remuneration of $73,281.

What Are the Duties of Contract Administrators?

The contract administrators administer contracts for the purchase or sale of equipment, materials, products, or services. Contract negotiations with the client or bidder examine performance requirements, delivery timetables, and material, equipment, and production cost estimates to assure completeness and accuracy. They examine proposals from other firms for compliance with contract specifications and select approved bids. Bids, process specifications, test and progress reports, and any other exhibits that may be necessary are provided.

A contract administrator oversees the precise requirements of a contract and ensures that all parties involved complete their agreed-upon commitments. The contract administrator must understand the intricacies of a contract and ensure that all parties abide by its unique terms, conditions, rights, and obligations. It is also the administrator’s obligation to manage any changes that may occur and to ensure that all parties involved agree on those changes. When the contract is completed, the contract administrator will perform a closeout process to ensure that the contract is properly terminated.

In many cases, a contract administrator may monitor the delivery of products and equipment to ensure that everything is in accordance with the contract; this frequently entails visiting multiple job sites and doing thorough inspections. They may also supervise contract conditions via electronic document management systems and spreadsheets, which allow the administrator to correctly track numerous transactions and preserve proper records.

Read Also: How To File For Chapter 7 With No Money: Detailed Guide

What Do Contract Administrators Think About Their Jobs?

The job of Contract Administrator has a work satisfaction rating of 3.78 out of 5 based on 531 answers. Contract Administrators are generally pleased with their jobs.

Common Contract Administrator Health Benefits

  • Medical – 84%
  • Dental – 76%
  • Vision – 69.9%
  • None – 15%

What Are the Most Common Contract Administrator Skills?

  • Contract Administration – $63,895
  • Document Administration – $59,472
  • Contract Dispute Resolution – $67,054
  • Microsoft Office – $59,497
  • Microsoft Excel – $59,645

Above-average salary is associated with skills in contract management and contract negotiation. Microsoft Excel, Microsoft Office, and Document Management are examples of skills that pay less than the market rate.

Contract Administrator Salary Influencing Skills

Your salary can be affected by your skills. The most prevalent skills and their impact on salary are listed below.

  • Pricing – 33%
  • Negotiation – 10%
  • Purchasing – 9%
  • Vendor Administration – 9%
  • Sage 300 Real Estate and Construction – 9%
  • Contractor Administration – 8%
  • Financial Evaluation – 8%
  • Contract Dispute Resolution – 5%
  • Procurement – 5%
  • Microsoft Outlook – 5%

Contract Administrators’ most prevalent benefits

  • 401(k)
  • Matching 401(k)
  • Dental coverage
  • Insurance against disability
  • Program for Employee Assistance
  • Account for Flexible Spending
  • Health coverage
  • Life Insurance
  • Paid vacation
  • Tuition assistance
  • Vision coverage

How Much Do Similar Jobs Pay in the United States?

  • Contract Manager – Average annual salary of $79,578
  • Contract Negotiator – Average annual salary of $82,837
  • Administrator – Average annual salary of $57,990
  • Contract Specialist – Average annual salary $67,536
  • Contract Analyst – Average annual salary of $32.31
  • The Contract Coordinator – Average annual salary is $25.08

How Much Tax Must You Pay as a Contracts Administrator?

In 2018, an individual filing in this tax bracket would pay an estimated average federal tax of 24 percent. Contracts Administrators may expect a take-home pay of $76,057 per year after a federal tax rate of 24% is deducted, with each paycheck equaling around $3,169*.

  • Based on a bimonthly pay period. Taxes calculated using 2018 federal and state tax tables and tax rates for a single filer. Metro-specific taxes are not taken into account in the computations. This information is intended to be an approximation rather than prescriptive financial or tax advice.

Contracts Administrator’s Quality of Life

With a monthly take-home pay of around $6,338 and a median 2BR apartment rental price of $2,506/mo**, a Contracts Administrator would pay 39.54 percent of their monthly take-home salary towards rent.

** This rental cost was calculated using an online report from Apartment List.

*** Numbeo’s Cost of Living Index was used to calculate the average cost of living.

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