Job Description of a Contract Coordinator
- Most employers require at least a bachelor's degree in business administration or a discipline related to the types of contracts their professionals procure. Along with education, previous experience in purchasing and contract negotiations is also required.
- A contract coordinator finds, select and negotiates contracts with suppliers of products and/or services for an organization. This includes administering contract terms and conditions, as well as reviewing and approving all contractual agreements with suppliers. After products or services have been procured, these professionals also evaluate the performance or quality and make decisions to continue or discontinue contracts.
- Salary can vary for this occupation because some employers offer a bonus structure based on the ability to negotiate contractual agreements within financial budgets. As of August 2010, CBSalary listed a national average salary of $72,922 per year for this occupation.
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