How much does a Contracts Administrator IV make in Chicago, IL? The average Contracts Administrator IV salary in Chicago, IL is $130,378 as of February 26, 2024, but the range typically falls between $111,898 and $149,787. 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 IV Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Contracts Administrator IV Salary $95,073 Chicago,IL February 26, 2024
25th Percentile Contracts Administrator IV Salary $111,898 Chicago,IL February 26, 2024
50th Percentile Contracts Administrator IV Salary $130,378 Chicago,IL February 26, 2024
75th Percentile Contracts Administrator IV Salary $149,787 Chicago,IL February 26, 2024
90th Percentile Contracts Administrator IV Salary $167,459 Chicago,IL February 26, 2024
25% $111,898 10% $95,073 90% $167,459 75% $149,787 $130,378 50%(Median) Didn’t find job title? Click
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Check out Contracts Administrator jobs in Chicago, Illinois

Senior Contract Specialist

Gana-A'Yoo, Limited - Anchorage, AK

Contracts Administrator

Crown Technical Systems - Fontana, CA

Payroll Administrator

University Corporation at Monterey Bay - Monterey, CA

What skills does a Contracts Administrator IV 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.

Contract Review: Evaluating, interpreting, and improving the terms used in contractual agreements.

3.

Billing: Billing refers to the aspect of banking, whereby someone is charged accurately for what item they purchased.

Analysis 3.99%
Contract Review 1.81%
Billing 1.25%
Others 92.95%

Job Description for Contracts Administrator IV

Contracts Administrator IV 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 IV 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 IV 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 IV work is highly independent. May assume a team lead role for the work group. A specialist on complex technical and business matters. To be a Contracts Administrator IV typically requires 7+ years of related experience. (Copyright 2024 Salary.com)... View full job description

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Job Openings for Contracts Administrator IV in Chicago, IL

Career Path for Contracts Administrator IV

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

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

Those that have already made the climb...
Maxine L. Mauricio, Executive Vice President, General Counsel and Corporate Secretary
EMCOR Group, Inc. provides electrical and mechanical construction, and facilities services primarily in the United States and the United Kingdom. It offers design, integration, installation, start-up, operation, and maintenance services related to electrical power transmission, distribution, and generation systems; ene... More
Fiscal Year Ended in 2022
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Contracts Administrator IV salary varies from city to city. Compared with national average salary of Contracts Administrator IV, the highest Contracts Administrator IV salary is in San Francisco, CA, where the Contracts Administrator IV salary is 25.0% above. The lowest Contracts Administrator IV salary is in Miami, FL, where the Contracts Administrator IV 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%

Take just three simple steps below to generate your own personalized salary report

Step 1 of 3

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

Average Base Salary

Core compensation

 
 
 
111898
149787
130378

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
116351
160927
137003
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Contracts Administrator IV in Chicago, IL. The base salary for Contracts Administrator IV ranges from $111,898 to $149,787 with the average base salary of $130,378. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $116,351 to $160,927 with the average total cash compensation of $137,003.
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For a real-time salary target, tell us more about your role in the four categories below.

111898
149787

 

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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

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Contracts Administrator IV Salary in popular cities: AuroraRockfordJoliet

Skills associated with Contracts Administrator IV: Contract Review, Contract Management Software, Contract Negotiation, Contract Lifecycle Management ...More

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