Contracts Manager
2 weeks ago
Contract Manager - Boksburg - Civils - Roads
Contract Managers, are responsible for preparing, negotiating and recording business contracts on behalf of their employer.
Their duties include researching a contract's terms, alerting parties to renewals or extensions and tracking all communications between their employer and various accounts.
Contract Manager Duties and Responsibilities
As the name would suggest, a Contract Manager is primarily responsible for managing all contracts that their employer is negotiating and entering.
Craft, evaluate, negotiate and execute a wide variety of different contracts covering a range of transactions.
Create and maintain relationships with suppliers and serve as the singular point of contact for matters concerning contracts.
Maintain records for correspondence and documentation in relation to established contracts and those in progress.
Communicate and present information to stakeholders about all contract-related matters.
Monitor contracts and move forward with close-out, extension or renewal according to what's best for the company.
Solve any contract-related problems that may arise with other parties and internally with the company itself.
Contract Manager Skills and Qualifications
An effective Contract Manager requires numerous skills and qualifications to successfully fulfil the necessary duties and responsibilities of the position.
Communication:
A Contract Manager must be able to communicate ideas effectively to the company, to the other parties involved in the contract and to stakeholders to keep everyone apprised of contract-related matters.
Negotiation:
Negotiation is essential for a Contract Manager, as it's their job to get the most benefit to the company possible out of any contract considered.
Confidence:
A key aspect of successful contract management is confidence.
It takes a strong attitude to successfully negotiate and execute contracts, as well as an understanding of when to walk away and when to stand one's ground.
Finance Skills:
In order to evaluate whether or not a contract is good for the company, a Contract Manager must have the necessary financial skills to determine exactly how the company would benefit.
Contract Manager Education and Training Requirements
Degree in Construction
Contract Manager Experience Requirements
Most general Contract Manager positions require several years' worth of experience actively negotiating contracts, though experience in related positions can suffice as well.
For entry-level positions, however, one can become a Contract Manager with general management or administration experience coupled with the necessary business school education with a focus on contract negotiation.
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