What does a Contract Manager do?
Published 3 min read
A Contract Manager is responsible for the management and administration of contracts and subcontracts. This includes negotiating and preparing contract documents, monitoring contract performance, and ensuring compliance with contractual obligations. The Contract Manager may also be responsible for dispute resolution.
Contract Manager job duties include:
- Review and analyze contract documents to identify risks and opportunities
- Negotiate terms and conditions with vendors and suppliers
- Draft, review, and revise contracts
- Manage the contract lifecycle from initiation to close-out
- Ensure compliance with contract terms and conditions
- Monitor performance against contractual obligations
- Resolve disputes and claims
- Administer change orders
- Maintain accurate records and documentation
Contract Manager Job Requirements
There are no specific education requirements for contract managers, although many have at least a bachelor's degree in business administration or a related field. Some employers may require certification from professional organizations such as the National Contract Management Association. In terms of experience, contract managers typically have several years of experience working in contracts administration or a related field.
Contract Manager Skills
- Analytical skills
- Communication skills
- Organizational skills
- Negotiation skills
- Problem-solving skills
- Leadership skills
- Interpersonal skills
- Flexibility
- Attention to detail
- Creativity
- Ability to work under pressure
Related: Top Contract Manager Skills: Definition and Examples
How to become a Contract Manager
There is no one-size-fits-all answer to becoming a contract manager, but there are some basic steps that will help you on your way. First, it is important to understand the basics of contracts and negotiation. This will give you a strong foundation on which to build your skills as a contract manager. Next, you should consider pursuing a degree or certification in contract management. This will give you the specialized knowledge and skills needed to be successful in this field. Finally, you should consider networking with other contract managers and professionals in your industry. This will help you stay up-to-date on industry trends and best practices. By following these steps, you can set yourself on the path to becoming a successful contract manager.
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