As of March 01, 2025, the average annual salary for a Contracts Administrator III in Waterloo, IA is $93,170. Salary.com reports that pay typically ranges from $83,014 to $104,517, with most professionals earning between $73,767 and $114,847.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $112,504 | $9,375 | $2,164 | $54 |
| Average | $100,290 | $8,358 | $1,929 | $48 |
| 25th Percentile | $89,358 | $7,447 | $1,718 | $43 |
An entry-level Contracts Administrator III with under 1 year experience makes about $87,517. With less than 2 years of experience, a mid-level Contracts Administrator III makes around $88,266. After 2-4 years, the Contracts Administrator III pay rises to about $90,212. Those senior Contracts Administrator III with 5-8 years of experience earn roughly $93,179, and those Contracts Administrator III having 8 years or more experience are expected to earn about $97,026 on average.
| Levels | Salary |
|---|---|
| Entry Level Contracts Administrator III | $87,517 |
| Intermediate Level Contracts Administrator III | $88,266 |
| Senior Level Contracts Administrator III | $90,212 |
| Specialist Level Contracts Administrator III | $93,179 |
| Expert Level Contracts Administrator III | $97,026 |
| Entry Level | 13% |
| Mid Level | 12% |
| Senior Level | 10% |
| Top Level | 7% |
| Experienced | 3% |
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Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.
RFP: A request for proposal (RFP) is a business document that announces a project, describes it, and solicits bids from qualified contractors to complete it.
Contract Negotiation: Creating an agreement to legally binding terms to obtain favorable results.
| Skill | Salary | Demand |
|---|---|---|
|
Government Contracting
|
$98,760 |
6%
|
|
SOW
|
$96,896 |
4%
|
|
Leadership
|
$96,896 |
4%
|
|
Economics
|
$95,965 |
3%
|
|
Statement of Work
|
$95,965 |
3%
|
|
Collaboration
|
$95,965 |
3%
|
