Home > Salary > Iceland > Contract Administrator
A contract administrator is responsible for managing and overseeing the contractual agreements between two or more parties. This occupation involves reviewing and negotiating contracts, ensuring compliance with legal and regulatory requirements, and resolving any disputes that may arise during the contract period. The contract administrator also maintains accurate records of all contractual documents, tracks key dates and milestones, and communicates with stakeholders to ensure smooth execution of the contracts. They play a crucial role in mitigating risks, ensuring the terms and conditions are adhered to, and facilitating effective communication between the parties involved.
Estimated Yearly Salary: 12,005,262 ISK
Estimated Monthly Salary: 1,000,439 ISK
Estimated Weekly Salary: 230,870 ISK per week
Estimated Hourly Salary: 5,772 ISK per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 965,870 ISK
Estimated Weekly Salary: 222,893 ISK per week
Estimated Hourly Salary: 5,572 ISK per hour
Last revision of data: 2024-01-02
Estimated Yearly Salary: 83,589 USD
Estimated Monthly Salary: 6,966 USD
Estimated Weekly Salary: 1,607 USD per week
Estimated Hourly Salary: 40 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 12,005,262 ISK
Estimated Monthly Salary: 1,000,439 ISK
Estimated Weekly Salary: 230,870 ISK per week
Estimated Hourly Salary: 5,772 ISK per hour
By working as Contract Administrator a person can save up to 4,237 USD per month or 50,843 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.
Estimated Yearly Salary for Contract Administrator
Last revision of data: 2025-01-04
Data as of 2025
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Contract Administrator salary in Iceland
Average Yearly Salary of Contract Administrator in Iceland is approximately 12,005,262 ISK (83,589 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 Administrator do?
A contract administrator is responsible for managing and overseeing the contractual agreements between two or more parties. This occupation involves reviewing and negotiating contracts, ensuring compliance with legal and regulatory requirements, and resolving any disputes that may arise during the contract period. The contract administrator also maintains accurate records of all contractual documents, tracks key dates and milestones, and communicates with stakeholders to ensure smooth execution of the contracts. They play a crucial role in mitigating risks, ensuring the terms and conditions are adhered to, and facilitating effective communication between the parties involved.
Skills: Contract administration, Legal compliance, Negotiation, Dispute resolution, Risk management, Stakeholder communication
Job industry: Construction
Job industry: Construction
How much does Contract Administrator make?
Salary details
How much does Contract Administrator make?Estimated Yearly Salary: 12,005,262 ISK
Estimated Monthly Salary: 1,000,439 ISK
Estimated Weekly Salary: 230,870 ISK per week
Estimated Hourly Salary: 5,772 ISK per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 11,590,436 ISKEstimated Monthly Salary: 965,870 ISK
Estimated Weekly Salary: 222,893 ISK per week
Estimated Hourly Salary: 5,572 ISK per hour
Last revision of data: 2024-01-02Contract Administrator estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 83,589 USD
Estimated Monthly Salary: 6,966 USD
Estimated Weekly Salary: 1,607 USD per week
Estimated Hourly Salary: 40 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
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Country:
Salary comparison to National average
Iceland, a Nordic island country located in the North Atlantic Ocean, is known for its stunning natural landscapes and unique geological features. With a population of approximately 366,000 people, Iceland is one of the least densely populated countries in Europe. The country covers an area of about 103,000 square kilometers, making it the 18th largest island in the world.
Estimated national average yearly salary is 8,949,782 ISK (68,220 USD). Value indicated is pre-tax. Below graph shows estimated Contract Administrator job salary compared to average salary in Iceland.
Comparison shows that a person working as Contract Administrator in Iceland earns on average:
1.34 times the average salary (or 134% of average salary).
Estimated national average yearly salary is 8,949,782 ISK (68,220 USD). Value indicated is pre-tax. Below graph shows estimated Contract Administrator job salary compared to average salary in Iceland.
Comparison shows that a person working as Contract Administrator in Iceland earns on average:
1.34 times the average salary (or 134% of average salary).
Is Contract Administrator a well paid job?
Yes, our data shows that Contract Administrator 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 Administrator?
High salary for Contract Administrator would be somewhere between 13,205,788 ISK and 17,407,630 ISK. However this is an estimation based on Gaussian Distribution.How much can you save working as Contract Administrator 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: 12,005,262 ISK
Estimated Monthly Salary: 1,000,439 ISK
Estimated Weekly Salary: 230,870 ISK per week
Estimated Hourly Salary: 5,772 ISK per hour
By working as Contract Administrator a person can save up to 4,237 USD per month or 50,843 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 Administrator
Norway is 117,654 USD
United Kingdom is 54,996 USD
Last revision of data: 2025-01-04Salary 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 increaseTop 10 highest salaries in Iceland
(101,519,791 ISK per year, pre-tax.)
2. Cardiologist
(84,892,494 ISK per year, pre-tax.)
(82,036,676 ISK per year, pre-tax.)
4. Neurosurgeon
(79,530,435 ISK per year, pre-tax.)
(79,217,486 ISK per year, pre-tax.)
(77,544,423 ISK per year, pre-tax.)
(77,443,218 ISK per year, pre-tax.)
(77,278,803 ISK per year, pre-tax.)
9. Oncologist
(77,260,671 ISK per year, pre-tax.)
(77,231,503 ISK per year, pre-tax.)
Data as of 2025Random salary:
Soldering technician (6,065,519 ISK per year, pre-tax.)
Senior mechanical engineer (14,076,335 ISK per year, pre-tax.)
Forestry supervisor (8,860,310 ISK per year, pre-tax.)
Electric motor power tool or related repairer (6,175,376 ISK per year, pre-tax.)
Scientific associate (14,993,121 ISK per year, pre-tax.)
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