Your guide to become an Contract Manager in Malaysia

Average Salary
9,000 - 10,000

Job Demand

Who is an Contract Manager

A Contracts Manager manage and win contracts for the company that they are working for. They snag the best deal through wise negotiations and help to control the expenses of the company.

Projects can include everything from commercial developments, hiring employees and supplier contracts. Besides that, Contract Managers are also responsible for a single large contract or a number of smaller ones. As time passes, the responsibilities of Contract Managers get broader than just negotiating, implementing and managing the company’s contracts.

Now, on top of managing contracts, their job scope expands to active monitoring and analysing performances of the employees or company and make according strategic changes to get the best outcome while promoting the growth of the company. If you are that person who always manage to get the lowest price for an item in the market, you have most likely mastered the art of negotiation – which you will need it if you decide to pursue this career! However, there are many types of Contract Manager and each of them requires a different field of study depending on your specialisation and interest.

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The pros and cons of being an Contract Manager

Pros

Can advance to senior-level positions in contract management
Jobs found in many industries that need to make contracts
Suitable for people who love to travel

Cons

Requires a bachelor's degree or higher and experience
Jobs involves long work hours
Jobs relies on the health of the economy

What are all the responsibilities of an Contract Manager ?

Estimate the budget and time needed
Prepare and present documents
Brief clients, suppliers, contractors and the people working on the project
Write up an invoice at the end of a project
Present information to quell disputes

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Incase of any queries

What skills do you need to become an Contract Manager?

Communication skills

The first step to mastering the art of negotiation is communication. In order to get the greatest deals, you would need to convey your message effectively and somehow persuade the other person to agree to your terms and condition. Having great communication skills will be beneficial to both you and your company.

Presentation skills

Your plans, ideas and content of your contracts, you will need to present them in an attractive yet easy to understand way to persuade your boss, clients or suppliers. It is crucial to get your message across to your audience in a crystal clear and effective way.

Negotiation skills

This mindset will help you to score more profits and benefits not only to yourself but also your company and clients. With this skill, you can create win-win situations that is for the best of both worlds. Besides that, it will also increase your bottom line when you get the best possible deal.

What field(s) of study should you choose to become an Contract Manager?

Business Administration
Construction Project Management

What are the requirements to be an Contract Manager?

You will need to acquire a degree in Business Administration, Construction Project Management or any of the related field for this career. Besides that, you will also need plenty of experience in related jobs before you can pursue this career.

What are the working hours of an Contract Manager

The workings hours of a Contract Manager is regular work hours. However, you will need to go on site very often and be prepared to work overtime or even on the weekends when you need to meet certain deadlines.

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