Contract managers have the responsibility of creating contracts as well as managing them. Analyzing the financial and operational performance of an organization is also a large part of the role. Companies are always trying to reduce costs and improve company performance. However, contract management is a very time-consuming part of every business, so there is always a need for efficient contract managers.

The contract in contract management specifies the activities that the two organizations are entering and specifying the terms of the agreement. Effective contract management is essential to making sure the organization is earning money and building better business relationships.

Contract Manager Job Requirements: Employers expect applicants to be educated to a degree level (or equivalent) in a relevant subject. It is essential to have extensive experience in managing projects and to have great knowledge of contract conditions. It is useful to have good communication skills, people management skills, and problem-solving skills.

Some people start as a contracts assistant before becoming a contract manager. Contract managers usually start off earning around £25,000. Experience helps with career progression, with the potential to earn up to £55,000. Every business needs contract managers to ensure profit, health and safety, and legalities, so there are no job shortages in this area.
Construction Contract Manager

Construction contract managers deal with projects from start to finish, ensuring that work is completed efficiently and on time. Contract managers work on many projects, from housing and schools to rail schemes and office developments. Multiple projects can be worked on simultaneously, but some employers get contract managers to take charge of several schemes at a time. Candidates in this role are expected to be professional and calm problem-solvers as construction contract managers are the first point of contact for clients and sub-contractors.

Skills of negotiation are a necessary part of this role and prioritize health and safety in and around the site. As contract managers oversee almost everything, they may be asked to take on extra work throughout the week. Although many companies offer training on the job, the experience is useful to get into the role. Having project management experience will help the chances of getting hired. Before becoming a contract manager, most people start as contract administrators or assistants before getting promotions. Specific academic requirements are unnecessary; however, having a BTEC or a degree in a building-related subject could help secure a place on a program.

The Chartered Institute of Building (CIOB) offers a broad selection of programs for those who want professional experience. The average salary for contract managers in the UK is £44,994. However, with a few years of experience, there are opportunities to earn up to £55,000. Contract management is a vital part of communication and organization within the construction industry, so there are no job shortages in this specific field.

Kris Paterson is a writer for WhatJobs.com