Contract Administrator ANZSCO Code: 511111

The purpose of contract administrator is vital in the management of agreements in a firm in terms of finances and law. These professionals will take care of the whole cycle of contract lifecycle, starting with drafting and negotiation of the contract, its implementation, subsequent performance tracking and its termination or renewal. They are mainly employed to prepare, interpret, keep and revise contracts and also to negotiate variation of contracts in the name of the organization.

Some of the major duties are to be the main contact between the internal departments (legal, finance, and project management) and the outside stakeholders (vendors, suppliers, and customers). Contract administrators make sure that all the parties know and adhere to the terms and conditions of the contract, and applicable laws and regulations.

Much of this is done through intensive risk management which entails evaluation of the probable risks in the contract terms and recommending management of the risks. They also control all applicable documents, keep careful digital and physical records, and answer questions or issues associated with contracts. This can involve processing progress claims, extension of time (EOT) applications as well as inputting into cost plans and financial forecasts in the context of construction.

Skill Level Skill Level: 2
Alternative Tittle Alternative Tittle: Contract Officer
Migration Strategy Migration Strategy: CSOL
ANZSCO Code ANZSCO Code: 511111
Contract Administrator

Construction Project Manager Job Description, Responsibilities, and Education Requirements

Indicative Skill Level:

Most occupations in this unit group require skill levels consistent with the qualifications and experience outlined below.

In Australia:

AQF Associate Degree, Advanced Diploma, or Diploma ANZSCO Skill Level 2

In New Zealand:

NZ Register Diploma ANZSCO Skill Level 2

At least three years of relevant experience may be required in place of the formal qualifications listed above. In some cases, relevant experience and/or on-the-job training may be required in addition to formal qualifications. This includes qualifications assessed at the AQF undergraduate, postgraduate, and doctoral levels.

Tasks Include:

  • Developing, reviewing and negotiating variations to contracts.
  • Responding to inquiries and resolving problems concerning contracts.
  • Managing paperwork associated with contracts.
  • Contributing to negotiation of contract terms with internal and external partners.
  • Renewing and updating existing contracts to maintain the integrity of contract information.
  • Analyses potential risks involved with specific contract terms and advising management as required.
  • Staying up-to-date with legislative changes and coordinating with the legal department, as directed by management.
  • Interpreting and explaining contract requirements, and terms and conditions to stakeholders to support compliance with statutory and policy requirements and inform decision-making stakeholders.
  • Establishing and maintaining stakeholder and supplier relationships to identify and minimise risk, and maximise the value from the contract.
  • Prepares monthly Progress Claims for the works carried out.
  • Provides contractual related information to project manager, site engineers, quality engineers, safety advisors etc., and assists project manager with the preparation of contractual correspondence.
  • Reviews and processes variation claims, EOTs (extension of time), progress claims and all other financial matters relating to the contract and makes recommendations to management.
  • Ensures all correspondence and document registers are up-to-date.
  • Contributes to detailed cost plans and budgets (Cost to Complete*), including preparation and interpretation of cash flow projections and profit/loss forecasts.

Occupations:

  • Contract Administrator
  • Program or Project Administrator

Contract Administrator Average Income

$ 93,653

Post: Contract Administrator

Average Age: 42.1

$ 63,615

Post: Contract Administrator

Average Age: 42.9

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Related Blog Article :

Australian Visa Options for a Construction Project Manager

If​‍​‌‍​‍‌​‍​‌‍​‍‌ you want to move to Australia and work as an Contract Administrator ANZSCO Code 511111, you will most probably have to get a visa sponsored by an employer. A minimum of 1 year of relevant employment is required. In addition to at least one year of highly relevant employment within the last five years before application. Whatever the different visa options may be, you have to satisfy several important requirements. Typically, you should be under 45 years old. You have to demonstrate at least "competent English" (for instance, IELTS 6.0 or an equivalent). It is obligatory to have a proper skills assessment by the right authority. In the case of a Contract Administrator, the VETASSESS skill assessment is also needed to satisfy health and good character conditions as mentioned in Department of Home ​‍​‌‍​‍‌​‍​‌‍​‍‌​‍​‌‍​‍‌​‍​‌‍​‍​‌Affairs is required.

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Contract Administrator

Step-by-Step Process to Work as a Contract Administrator in Australia

  • Check Eligibility Step 1
    Check Eligibility
  • Get Assessment Step 2
    Get Assessment
  • Find a Sponsor Step 3
    Find a Sponsor
  • Apply for Visa Step 4
    Apply for Visa
  • Move & Settle Step 5
    Move & Settle

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