Contracts Director salary in Iceland

Average Yearly Salary of Contracts Director in Iceland is approximately 24,955,665 ISK (174,312 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 Contracts Director do?

A Contracts Director is responsible for overseeing the entire contract management process within an organization. They play a crucial role in negotiating, drafting, and reviewing contracts to ensure they are legally sound and meet the company's objectives. The Contracts Director collaborates with various departments, such as legal, finance, and sales, to ensure contracts align with business goals and comply with regulations. Their main duties include analyzing contract terms and conditions, identifying potential risks, and proposing necessary amendments to protect the company's interests. They also manage contract databases, track contract performance, and resolve any contractual disputes that may arise. Additionally, Contracts Directors stay updated on industry trends and changes in laws and regulations related to contracts.

Skills: Contracts management, Legal compliance, Negotiation skills, Risk assessment, Contract performance, Dispute resolution.
Job industry: Construction

How much does Contracts Director make?

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


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Salary comparison to National average

Is Contracts Director a well paid job?

Yes, our data show that Contracts Director 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 Contracts Director?

High salary for Contracts Director would be somewhere between 27,451,232 ISK and 36,185,714 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Contracts Director 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: 24,955,665 ISK
Estimated Monthly Salary: 2,079,639 ISK
Estimated Weekly Salary: 479,917 ISK per week
Estimated Hourly Salary: 11,998 ISK per hour
By working as Contracts Director a person can save up to 11,797 USD per month or 141,566 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 Contracts Director

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.

Top 10 highest salaries in Iceland

Data as of 2025

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