Once you`ve held these positions, you can use the skills you`ve developed to move up to a contract specialist position in a similar role. You can then apply for contract specialist positions who take on leadership responsibilities once you have gained sufficient experience in the role. Networking through contract-specific membership agencies such as NCMA, FAI, and IACCM can also lead to the discovery of non-booked job postings. Procurement-focused conferences are also suitable for networking. Finally, an experienced legal recruiter like our team at LHH can help you find contract specialist positions in your target market. Ideal contract specialists should enjoy drafting and processing contracts while showing excellent attention to detail. Not only should you be an excellent communicator, but you should also have a thorough knowledge of procurement regulations, contractual agreements, and legal terminology. Contract specialists design and review contractual agreements between a company and suppliers of products or services. These specialists work as experts that can be found in theatres, corporations and non-profit organisations. Tasks include evaluating bids, preparing contracts and negotiating terms.
The salary of a public procurement specialist is calculated on the basis of the salary scale of the General Annex (GS). Experienced contract specialists (GS-11) earn a base salary of $55,204 to $71,764 per year, reports the U.S. Office of Personnel Management. Those who start in this profession start as GS-5 and earn between $30,113 and $39,149 per year. The more experience you have, the higher the payment. GS-9 employees earn between $45,627 and $59,316, according to the same source. A contract specialist can earn an average of $86,927 per year. Earning potential depends on geographical location, type of employment, industry, level of education, years of relevant experience and certification.
Government agencies often work with private sector organizations, suppliers and contractors. For example, they may hire construction companies to build new roads or restore old buildings. Contract specialists working for the government are responsible for drafting contracts and negotiating prices between the parties involved. These professionals may also be asked to resolve disputes between contractors and government agencies, evaluate quotes, cancel or amend contracts, and maintain relationships with suppliers. Since analyzing terms and suggestions is an important part of a contract specialist`s role, they require a lot of attention to detail, critical thinking, and problem-solving skills. They should also be able to research industry trends, regulatory changes, and alternative contractual solutions to better serve their organization. Most employers are looking for candidates with a bachelor`s degree in law, business administration or a related field. The curriculum vitae of a public procurement specialist mentioning a master`s degree and work experience is more likely to be noticed.
However, some organizations only need a high school diploma and several years of practical experience in the field. So you want to become a contract specialist, but where do you start? Do you need special education? How can you be hired without any prior knowledge? Who hires contract specialists? Then you`ve come to the right place. A contract specialist is a person who negotiates, designs, reviews and manages contractual agreements between two parties. A party supplies equipment or labour to a company. Luckily for you, LHH regularly helps our clients adjust these roles. In this article, we recommend three simple steps to help you become a buyer who specializes in contracts: In a business environment, this professional analyzes potential suppliers and negotiates before commissioning. Contract specialists can manage an organization`s contract services in many different sectors and departments, including: Federal Certification of Contract Procurement (FAC-C): This certification provides training on basic contracting and procurement practices for all executive agencies except the Department of Defense. With three levels of certification, there are a variety of experience, education, EC and testing requirements to achieve this qualification. A professional certification in contract management can help you hone your skills, show your commitment, and demonstrate your expertise to current and potential employers.
You might even be able to complete a training program without prior experience and gain qualifications that will help you find a contract specialist position. If you have experience that is easy to transfer to the position, these certified training programs can replace the relevant formal training. Another central part of the role is to evaluate the counter-offer offers and prices, terms and other factors of a contract. Being able to use data and supporting evidence to convince the parties of the terms of the contract, and knowing when to withdraw from a negotiation, are two essential skills for effective contract specialists. Contract specialists are important representatives of an organization, and if they speak effectively with different parties and build strong professional relationships, they can better secure long-term, financially beneficial contracts for their employer. A career as a contract specialist is ideal for assertive, detail-oriented people with strong negotiation skills. For interns and new employees, specialist training for government contracts in the workplace may be offered. As you gain experience, you may be asked to draft and negotiate new or specialized contracts and take on more responsibility.
Many employers value formal education experience and look for evidence of negotiation, design and analytical skills in their previous work experience. Previous experience in procurement, in a legal department or experience in selling goods and services provides valuable practical experience to help you become a contract specialist. While you don`t have to be a lawyer to be a contract specialist, legal education is useful if you don`t have any on-the-job experience. .