How much does a Contracts Administrator V make in Chicago, IL? The average Contracts Administrator V salary in Chicago, IL is $154,637 as of February 26, 2024, but the range typically falls between $129,742 and $179,458. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target. 

Contracts Administrator V Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Contracts Administrator V Salary $107,077 Chicago,IL February 26, 2024
25th Percentile Contracts Administrator V Salary $129,742 Chicago,IL February 26, 2024
50th Percentile Contracts Administrator V Salary $154,637 Chicago,IL February 26, 2024
75th Percentile Contracts Administrator V Salary $179,458 Chicago,IL February 26, 2024
90th Percentile Contracts Administrator V Salary $202,057 Chicago,IL February 26, 2024
25% $129,742 10% $107,077 90% $202,057 75% $179,458 $154,637 50%(Median) Didn’t find job title? Click
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What skills does a Contracts Administrator V need?

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.

1.

Analysis: Analysis is the process of considering something carefully or using statistical methods in order to understand it or explain it.

2.

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.

3.

Federal Acquisition Regulations: The Federal Acquisition Regulation (FAR) is the primary regulation for use by all executive agencies in their acquisition of supplies and services with appropriated funds.

Analysis 3.76%
RFP 2.47%
Federal Acquisition Regulations 1.62%
Others 92.15%

Job Description for Contracts Administrator V

Contracts Administrator V develops, prepares, and administers contracts, bids, and proposals that meet specifications and comply with all policies and regulations. Supports or participates in contract negotiations with suppliers, partners, or customers. Being a Contracts Administrator V reviews contract terms to identify any potential risk or compliance issues. Examines supporting materials and agreement documents related to bids or contracts and provides guidance. Additionally, Contracts Administrator V acts as liaison between the organization and subcontractors to implement the contracts. Maintains contract records used to ensure compliance with reporting and regulatory requirements. Typically requires a bachelor's degree or equivalent. Typically reports to a manager or head of a unit/department. The Contracts Administrator V works autonomously. Goals are generally communicated in "solution" or project goal terms. May provide a leadership role for the work group through knowledge in the area of specialization. Works on advanced, complex technical projects or business issues requiring state of the art technical or industry knowledge. To be a Contracts Administrator V typically requires 10+ years of related experience. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Contracts Administrator V in Chicago, IL

Career Path for Contracts Administrator V

A career path is a sequence of jobs that leads to your short- and long-term career goals. Some follow a linear career path within one field, while others change fields periodically to achieve career or personal goals.

For Contracts Administrator V, the first career path typically starts with a Contracts Administration Supervisor position, and then progresses to Contracts Administration Senior Supervisor.

Additionally, the second career path typically progresses to Conflicts Manager.

Those that have already made the climb...
Seth J. Kalvert, Chief Legal Officer and Secretary
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Fiscal Year Ended in 2022
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Contracts Administrator V salary varies from city to city. Compared with national average salary of Contracts Administrator V, the highest Contracts Administrator V salary is in San Francisco, CA, where the Contracts Administrator V salary is 25.0% above. The lowest Contracts Administrator V salary is in Miami, FL, where the Contracts Administrator V salary is 2.9% lower than national average salary.

City, State Compared to national average
City, State San Francisco, CA Compared to national average
+ 25.0%
City, State Washington, DC Compared to national average
+ 11.3%
City, State Miami, FL Compared to national average
-2.9%
City, State Chicago, IL Compared to national average
+ 5.5%
City, State Boston, MA Compared to national average
+ 12.7%
City, State New York, NY Compared to national average
+ 17.5%
City, State Dallas, TX Compared to national average
-0.7%

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Understand the total compensation opportunity for a Contracts Administrator V, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
129742
179458
154637

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
135629
192314
164999
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Contracts Administrator V in Chicago, IL. The base salary for Contracts Administrator V ranges from $129,742 to $179,458 with the average base salary of $154,637. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $135,629 to $192,314 with the average total cash compensation of $164,999.
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129742
179458

 

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About Chicago, Illinois    Chicago (/ʃɪˈkɑːɡoʊ/ (listen), locally also /-ˈkɔː-/), officially the City of Chicago, is the most populous city in Illinois, as well as the third mos....More

Chicago, Illinois  area prices were up 0.8% from a year ago    View the Cost of Living in Chicago, Illinois

Contracts Administrator V Salary in popular cities: AuroraRockfordJoliet

Skills associated with Contracts Administrator V: Contract Lifecycle Management, Contract Management Software, Contracting Terms and Conditions, Contracts Management & Administration ...More

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