Contract Administration Supervisor salary in Iceland

Average Yearly Salary of Contract Administration Supervisor in Iceland is approximately 15,414,371 ISK (107,874 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 Supervisor do?

A contract administration supervisor is responsible for overseeing the contract administration process within an organization. They ensure that contracts are properly drafted, reviewed, and executed, and that all parties involved comply with the terms and conditions. This role involves managing a team of contract administrators, providing guidance and support, and resolving any issues or disputes that may arise during the contract lifecycle. The contract administration supervisor also maintains accurate records and documentation related to contracts, monitors contract performance, and identifies areas for improvement in contract management processes. They collaborate with various departments, such as legal, finance, and procurement, to ensure that contracts align with organizational goals and objectives. Strong attention to detail, excellent communication and negotiation skills, and a thorough understanding of contract law and regulations are essential for success in this role.

Skills: contract administration, contract management, contract drafting, contract review, contract compliance, contract performance.
Job industry: Government

How much does Contract Administration Supervisor 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 Supervisor a well paid job?

Yes, our data shows that Contract Administration Supervisor 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 Supervisor?

High salary for Contract Administration Supervisor would be somewhere between 16,955,808 ISK and 22,350,838 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Contract Administration Supervisor 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: 15,414,371 ISK
Estimated Monthly Salary: 1,284,531 ISK
Estimated Weekly Salary: 296,430 ISK per week
Estimated Hourly Salary: 7,411 ISK per hour
By working as Contract Administration Supervisor a person can save up to 6,261 USD per month or 75,128 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 Supervisor

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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