Contract Manager
What is in the Contract Manager job description?
As a Contract Manager, you’ll be responsible for managing high value and important contracts within your organisation and adopt best practice procurement processes. In your role as a contract manager, you’ll need to ensure suppliers conform to contractual terms, SLA’s and KPIs and resolve identify key areas of opportunity. The purpose is to maximise commercial and service benefits, whilst minimising risk and delivering continuous improvement.
What will be your responsibilities?
A Contract Manager responsibilities broadly consist of the following things:
- Provide procurement expertise to manage suppliers both pre-contract and post-contract.
- Deliver savings through a robust risk and issue management process.
- Implement and maintain new policies and procedures and ensure best practice procurement processes are continually developed.
- Analyse internal processes and performance.
- Understanding of new technologies, trends and their challenges.
- Develop, measure and monitor KPIs and SLAs for categories of expenditure through supplier reviews.
- Improve supplier performance through internal feedback.
- Monitor compliance with supply agreements by requesting supplier reports.
- Manage central agreements by maintaining a central register of contracts, pricing, details and documents.
- Develop and maintain processes for contacts that are due for renewal and provide feedback on recommended action.
- Maintain all systems information with current and updated supply terms.
The CIPS Digital Academy
The CIPS Digital Academy provides access to learning programmes in procurement and supply. It enables your organisation to develop consistency in knowledge and skills and helps to reduce supply chain risk throughout your organisation.
What qualifications do you need?
If you’re looking to move into a contract manager role, you’ll need the following qualifications and skills:
- Experience dealing with a variety of product and services.
- Detailed understanding and experience of managing suppliers through supply agreements and service level agreements.
- Thorough understanding of IT products and service groups.
- Operational knowledge and commercial and negotiation skills.
CIPS Qualifications
To start your journey to become a Contract Manager, the ideal starting point is the Level 4 Diploma in Procurement and Supply. Once complete, move on to Level 5 and Level 6 qualifications that will take you all the way to MCIPS.
Salary benchmarking: What does a Contract Manager get paid?
In the UK, typically a Contract Manager gets paid on average £48,965 based on the UK Salary Guide 2023.
A Contract Manager sits in the Managerial level and the breakdown is as follows:
Managerial
- UK: £48,965
- Australia: $149,380
- New Zealand: $125,729
- MENA: $66,590
- South Africa: ZAR 793k
- Sub-Saharan Africa: $39,289
- North America: $99,998
- Europe: €67,157
Salaries may increase if you are studying with CIPS or change sector. To find out more about the salaries of procurement and supply professionals let our salary calculator do the hard work for you.