Contracts Manager Guide - Hire or get hired
Your complete guide to the Contracts Manager Role: Duties, salary & hiring tips
Purpose of the Contracts Manager
The Contracts Manager oversees contract creation, negotiation, compliance, and administration to support projects and operational performance across the business.
Contracts Manager's duties and responsibilities
• Contract Drafting:
Prepare and review terms, scopes, and deliverables.
• Negotiation:
Liaise with suppliers, contractors, and clients to finalise contracts.
• Risk Management:
Assess contractual risk and ensure legal compliance.
• Documentation:
Maintain organised records and track contract milestones.
• Support:
Advise internal teams on contract issues and disputes.
Prepare and review terms, scopes, and deliverables.
• Negotiation:
Liaise with suppliers, contractors, and clients to finalise contracts.
• Risk Management:
Assess contractual risk and ensure legal compliance.
• Documentation:
Maintain organised records and track contract milestones.
• Support:
Advise internal teams on contract issues and disputes.
Requirements and qualifications for a Contracts Manager
• 3–5 years’ experience in contract management or legal support
• Strong knowledge of commercial and construction contracts
• Excellent negotiation and stakeholder engagement skills
• Familiarity with contract lifecycle systems and compliance tools
• Attention to detail and legal understanding
• Strong knowledge of commercial and construction contracts
• Excellent negotiation and stakeholder engagement skills
• Familiarity with contract lifecycle systems and compliance tools
• Attention to detail and legal understanding
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Property Market Update
The property and real estate industry continues to grapple with talent shortages, particularly in commercial and residential property management, as well as facilities and operations management. The hiring landscape has shifted slightly over the past year, with a notable decline in demand for administrative and accounts managers. Employers remain open to upskilling candidates, with 64% willing to train high-quality hires lacking industry-specific experience if they align with company culture. However, the challenge persists, with 23% of employers struggling to hire commercial property managers and 20% facing difficulties filling residential property management roles.
The demand for flexibility and benefits has also evolved. Bonuses and remote work options are now the most commonly offered benefits, each provided by 56% of employers, while career development training has seen a decline, with only 36% of companies prioritising it compared to 54% last year. AI and automation are emerging as key drivers in property management, with virtual property tours (33%) and AI-assisted workflow automation (31%) gaining traction. As the market adjusts to evolving workforce expectations and technological advancements, businesses must balance competitive salaries, upskilling initiatives, and automation to attract and retain top talent.
The demand for flexibility and benefits has also evolved. Bonuses and remote work options are now the most commonly offered benefits, each provided by 56% of employers, while career development training has seen a decline, with only 36% of companies prioritising it compared to 54% last year. AI and automation are emerging as key drivers in property management, with virtual property tours (33%) and AI-assisted workflow automation (31%) gaining traction. As the market adjusts to evolving workforce expectations and technological advancements, businesses must balance competitive salaries, upskilling initiatives, and automation to attract and retain top talent.
