Contract management or contract administration is the management of contracts made with customers, vendors, partners, or employees.
The Contract Owner is accountable for realising the benefits/value from the contract, including managing the supplier relationship for the contract, level of risk and contract obligations.
A Key Distinction The contract administrator will supervise the efforts before a contract is signed. The contract manager will manage the process after a contract is signed, ensuring all regulations and terms are properly followed ing to the contract agreement contents (ProcurePort, 2021).
Job titles that are related to a Contract Manager are: Contract Administrator. Contract Specialist. Contract Analyst.
Similar professions and job titles to a Contract Administrator are Contract Management Specialist, Procurement Specialist, Procurement Analyst, Contract Coordinator, Project Manager, Contract Negotiator and Construction Manager.
A contract manager is an individual in a company responsible for the management and administration of contracts, as well as the process by which they are created and agreed.
The most common job titles you can encounter include Contract Manager, Contract Administrator, Contract Specialist, Procurement Manager, Supply Chain Manager, Legal Contract Manager, Commercial Manager, Project Manager, Vendor Manager, and Compliance Officer.
Similar Job Titles to a Contract Specialist For example, some employers may refer to a Contract Specialist as either a Contract Manager or a Contract Administrator.
Contract Owner refers to an individual or entity that holds ownership rights to the policy.