Contracts Administrator V Salary in Chicago, Illinois

How much does a Contracts Administrator V make in Chicago, IL? The average Contracts Administrator V salary in Chicago, IL is $141,769 as of April 27, 2021, but the range typically falls between $118,943 and $164,528. 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. 

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Job Description

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. 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. 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. 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. Typically requires 10+ years of related experience. (Copyright 2021 Salary.com)

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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

 
 
 
118943
164528
141769

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
124335
176315
151267
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 $118,943 to $164,528 with the average base salary of $141,769. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $124,335 to $176,315 with the average total cash compensation of $151,267.
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For a real-time salary target, tell us more about your role in the four categories below.

118943
164528

 

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Career Path for this job

  1. Down a level:

    Contracts Administrator IV

    7 + years experience
    Bachelor's Degree

  2. This Job:

    Contracts Administrator V

    10 + years experience
    Bachelor's Degree

  3. Up a level:

    Contracts Administration Supervisor

    3 + years experience
    Bachelor's Degree

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Job Openings for Contracts Administrator V in Chicago, IL