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head of cost contract management
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Contract Management Specialist
2 weeks ago
The Contract Administrator is a key role within the project lifecycle, responsible for managing and overseeing all aspects of contract administration. This involves drafting, reviewing, negotiating, and managing contracts to ensure compliance with legal, regulatory, and company requirements.
This role requires strong knowledge of contract management processes, including contract drafting, negotiation, administration, and compliance monitoring. The ideal candidate will be familiar with contract law, commercial terms, and industry-specific regulations, with the ability to interpret legal documents and mitigate contractual risks.
The successful Contract Administrator will work closely with project teams, suppliers, and clients to mitigate risks, resolve contractual issues, and ensure successful project execution. Key responsibilities include:
- Drafting, reviewing, and negotiating contracts, including subcontract agreements, purchase orders, and service contracts.
- Ensuring that all contracts comply with legal, regulatory, and company standards.
- Managing contract documentation, maintaining accurate records of contract terms, amendments, and correspondence.
- Monitoring contract performance and compliance, addressing any deviations and ensuring obligations are met.
- Liaising with project managers, legal teams, and other stakeholders to resolve contract-related issues.
- Identifying risks and providing recommendations to minimize contractual exposure and liability.
- Managing contract changes and variations, ensuring proper documentation and authorization.
- Preparing and presenting contract status reports, including key metrics, risks, and compliance updates.
- Supporting project closeout activities, including final contract review and documentation.