Contract Administration Manager salary in Iceland

Average Yearly Salary of Contract Administration Manager in Iceland is approximately 15,536,960 ISK (108,690 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Contract Administration Manager do?

A contract administration manager is responsible for overseeing and managing the process of creating, negotiating, and executing contracts between an organization and its clients or vendors. They ensure that all contractual agreements are properly documented, reviewed, and adhered to throughout their lifecycle. This role involves collaborating with various departments, such as legal, finance, and procurement, to ensure compliance with contract terms and conditions. Contract administration managers also handle any disputes or issues that may arise during the contract period, working towards resolving them in a timely and efficient manner. They may be involved in negotiating contract changes or renewals and monitoring contract performance to ensure both parties fulfill their obligations. Strong attention to detail, excellent communication skills, and the ability to analyze complex information are essential for success in this role.

Skills: contract administration, contract management, negotiation, compliance, dispute resolution, contract performance
Job industry: Construction

How much does Contract Administration Manager make?

Difference in salary year over year or average salary increase is approximately 4 %


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Salary comparison to National average

Is Contract Administration Manager a well paid job?

Yes, our data shows that Contract Administration Manager is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Contract Administration Manager?

High salary for Contract Administration Manager would be somewhere between 17,090,656 ISK and 22,528,592 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Contract Administration Manager in Iceland?

Living in Iceland the approximate monthly expenses are: 2,729 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 15,536,960 ISK
Estimated Monthly Salary: 1,294,747 ISK
Estimated Weekly Salary: 298,788 ISK per week
Estimated Hourly Salary: 7,470 ISK per hour
By working as Contract Administration Manager a person can save up to 6,329 USD per month or 75,944 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Iceland, see costs of living in Iceland.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Norway, Faroe Islands, United Kingdom.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Contract Administration Manager

Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

0 years (beginner) equals base salary

1 to 5 years of experience yields +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

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Data as of 2025

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