Home > Salary > Iceland > Contracting Officer
A contracting officer is a professional responsible for managing the procurement process within an organization. They play a critical role in ensuring that contracts are awarded and executed in compliance with legal and regulatory requirements. Their main responsibilities include soliciting bids from potential vendors, evaluating proposals, negotiating contract terms, and awarding contracts to the most qualified and cost-effective suppliers. They also monitor contract performance, resolve any disputes that may arise, and ensure that all parties fulfill their contractual obligations.
Estimated Yearly Salary: 18,308,322 ISK
Estimated Monthly Salary: 1,525,694 ISK
Estimated Weekly Salary: 352,083 ISK per week
Estimated Hourly Salary: 8,802 ISK per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 1,470,958 ISK
Estimated Weekly Salary: 339,452 ISK per week
Estimated Hourly Salary: 8,486 ISK per hour
Last revision of data: 2024-01-08
Estimated Yearly Salary: 127,276 USD
Estimated Monthly Salary: 10,606 USD
Estimated Weekly Salary: 2,448 USD per week
Estimated Hourly Salary: 61 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: 18,308,322 ISK
Estimated Monthly Salary: 1,525,694 ISK
Estimated Weekly Salary: 352,083 ISK per week
Estimated Hourly Salary: 8,802 ISK per hour
By working as Contracting Officer a person can save up to 7,878 USD per month or 94,530 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 Contracting Officer
Last revision of data: 2025-01-04
Data as of 2025
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Contracting Officer salary in Iceland
Average Yearly Salary of Contracting Officer in Iceland is approximately 18,308,322 ISK (127,276 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 Contracting Officer do?
A contracting officer is a professional responsible for managing the procurement process within an organization. They play a critical role in ensuring that contracts are awarded and executed in compliance with legal and regulatory requirements. Their main responsibilities include soliciting bids from potential vendors, evaluating proposals, negotiating contract terms, and awarding contracts to the most qualified and cost-effective suppliers. They also monitor contract performance, resolve any disputes that may arise, and ensure that all parties fulfill their contractual obligations.
Skills: Contract management, Procurement, Negotiation, Vendor selection, Compliance, Contract performance
Job industry: Government contracting
Job industry: Government contracting
How much does Contracting Officer make?
Salary details
How much does Contracting Officer make?Estimated Yearly Salary: 18,308,322 ISK
Estimated Monthly Salary: 1,525,694 ISK
Estimated Weekly Salary: 352,083 ISK per week
Estimated Hourly Salary: 8,802 ISK per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 17,651,491 ISKEstimated Monthly Salary: 1,470,958 ISK
Estimated Weekly Salary: 339,452 ISK per week
Estimated Hourly Salary: 8,486 ISK per hour
Last revision of data: 2024-01-08Contracting Officer estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 127,276 USD
Estimated Monthly Salary: 10,606 USD
Estimated Weekly Salary: 2,448 USD per week
Estimated Hourly Salary: 61 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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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 Contracting Officer job salary compared to average salary in Iceland.
Comparison shows that a person working as Contracting Officer in Iceland earns on average:
2.05 times the average salary (or 205% 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 Contracting Officer job salary compared to average salary in Iceland.
Comparison shows that a person working as Contracting Officer in Iceland earns on average:
2.05 times the average salary (or 205% of average salary).
Is Contracting Officer a well paid job?
Yes, our data show that Contracting Officer is a very well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Contracting Officer?
High salary for Contracting Officer would be somewhere between 20,139,154 ISK and 26,547,067 ISK. However this is an estimation based on Gaussian Distribution.How much can you save working as Contracting Officer 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: 18,308,322 ISK
Estimated Monthly Salary: 1,525,694 ISK
Estimated Weekly Salary: 352,083 ISK per week
Estimated Hourly Salary: 8,802 ISK per hour
By working as Contracting Officer a person can save up to 7,878 USD per month or 94,530 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 Contracting Officer
Norway is 178,217 USD
United Kingdom is 84,312 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:
Real estate sales agent (8,932,066 ISK per year, pre-tax.)
Director of communications (16,056,469 ISK per year, pre-tax.)
Musician (11,422,247 ISK per year, pre-tax.)
Financial service officer (5,219,275 ISK per year, pre-tax.)
Bean roaster (5,848,414 ISK per year, pre-tax.)
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