Average Contracts Manager Salary in Sri Lanka for 2024

In this article, we will look at the average Contracts Manager salary for 2024 in Sri Lanka and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Sri Lankan rupee. To keep things simple, we are using the LKR currency code instead of the currency symbol Rs රු.

How Much Does a Contracts Manager Make in Sri Lanka?

A Contracts Manager working in Sri Lanka will typically earn around 1,369,700 LKR per year, and this can range from the lowest average salary of about 674,100 LKR to the highest average salary of 2,146,100 LKR.

Average Annual Salary
1,369,700 LKR
Average Monthly Salary
114,141 LKR

Lowest Annual Salary
674,100 LKR
Lowest Monthly Salary
56,175 LKR

Highest Annual Salary
2,146,100 LKR
Highest Monthly Salary
178,841 LKR

These are average salaries for a Contracts Manager in Sri Lanka and include benefits such as housing and transport. It's also possible for a Contracts Manager to earn more or less than the average salaries shown above.

Contracts Manager salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Contracts Manager Salaries in Sri Lanka

So we've looked at the average salaries a Contracts Manager will earn in Sri Lanka. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Contracts Manager can earn between 674,100 LKR and 2,146,100 LKR on average in Sri Lanka. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for a Contracts Manager in Sri Lanka is 1,405,700 LKR. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 1,405,700 LKR, and 50% of the population earn more than 1,405,700 LKR.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Contracts Manager salary in Sri Lanka, 25% of the population are earning less than 932,000 LKR while 75% of the population earn more than 932,000 LKR.

75% of the population earn less than 1,811,000 LKR, and 25% of the population earn more than 1,811,000 LKR.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Contracts Manager Salary by Experience Level in Sri Lanka

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average contracts manager salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. A Contracts Manager in Sri Lanka that has less than two years of experience can expect to earn somewhere in the region of 798,900 LKR.
  • 2 - 5 Years Experience. With two to five years of experience the average Contracts Manager salary would increase to 1,025,100 LKR.
  • 5 - 10 Years Experience. From five to ten years of experience as a Contracts Manager, the average salary would be 1,417,600 LKR.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 1,751,700 LKR.
  • 15 - 20 Years Experience. A Contracts Manager with 15 to 20 years of experience can earn an average of 1,882,700 LKR.
  • 20+ Years Experience. For a Contracts Manager with more than 20 years, the expected average salary increases to 2,003,200 LKR.

Average Salary by Experience Chart

0-2 Years
798,900 LKR
2-5 Years +29%
1,025,100 LKR
5-10 Years +38%
1,417,600 LKR
10-15 Years +24%
1,751,700 LKR
15-20 Years +7%
1,882,700 LKR
20+ Years +7%
2,003,200 LKR

Contracts Manager Salary by Education Level in Sri Lanka

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for a Contracts Manager in Sri Lanka based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • High School. A Contracts Manager in Sri Lanka with a high school education can earn an average salary of 995,200 LKR.

  • Certificate or Diploma. A Contracts Manager in Sri Lanka with a certificate or diploma education can earn an average salary of 1,142,900 LKR.

  • Bachelor's Degree. A Contracts Manager in Sri Lanka with a bachelor's degree education can earn an average salary of 1,537,500 LKR.

  • Master's Degree. A Contracts Manager in Sri Lanka with a master's degree education can earn an average salary of 1,930,500 LKR.

Average Salary by Education Chart

High School
995,200 LKR
Certificate or Diploma +15%
1,142,900 LKR
Bachelor's Degree +35%
1,537,500 LKR
Master's Degree +26%
1,930,500 LKR

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in Sri Lanka is around 449,000 to 1,350,000 LKR and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Contracts Manager Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Sri Lanka, a male contracts manager will earn an average of 1,428,800 LKR, while a female contracts manager will earn around 1,296,900 LKR.

This means that a male contracts manager earns approximately 10% more than a female contracts manager for performing the same job.

Average Salary by Gender Chart in Sri Lanka

Male
1,428,800 LKR
Female -10%
1,296,900 LKR

Contracts Manager Average Pay Raise in Sri Lanka

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for a Contracts Manager in Sri Lanka is around 11% every 20 months.

The national average pay raise across all professions and industries in Sri Lanka is around 9% every 17 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 11 ÷ 20 ) × 12  = 7%

What this means is that a Contracts Manager in Sri Lanka can expect to receive an average pay raise of around 7% every 12 months.

Annual Pay Raise by Industry in Sri Lanka for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Sri Lanka.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
6%
Energy
3%
Information Technology
9%
Healthcare
6%
Travel
3%
Construction
9%
Education
6%

Contracts Manager Bonus and Incentive Rates in Sri Lanka

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

A Contracts Manager is a moderate bonus based job, with 55% of employees reporting at least one bonus in the last 12 months.

45% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 3% to 6%.

Received Bonus
55%
No Bonus
45%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Sri Lanka earn approximately 8% more than private sector employees in the same role.

Public Sector
1,109,200 LKR
Private Sector -8%
1,031,200 LKR

Salaries for Jobs Similar to a Contracts Manager

In the table below, we have salary information for jobs that are similar to a Contracts Manager in Sri Lanka.

Job Title Category Salary
Air Conditioning Technician Facilities / Maintenance / Repair 318,800 LKR
Assembly Supervisor Facilities / Maintenance / Repair 531,700 LKR
Assistant Contract Manager Facilities / Maintenance / Repair 1,235,600 LKR
Building and Grounds Supervisor Facilities / Maintenance / Repair 791,600 LKR
Building Control Officer Facilities / Maintenance / Repair 709,600 LKR
Building Engineer Facilities / Maintenance / Repair 1,011,500 LKR
Building Services Engineer Facilities / Maintenance / Repair 1,006,300 LKR
Building Surveyor Facilities / Maintenance / Repair 681,900 LKR
Calibration Technician Facilities / Maintenance / Repair 366,200 LKR
Carpenter Facilities / Maintenance / Repair 431,300 LKR
Cemetery Manager Facilities / Maintenance / Repair 450,300 LKR
Chief Building Official Facilities / Maintenance / Repair 1,450,700 LKR
Clinical Facilities Planning Manager Facilities / Maintenance / Repair 1,655,500 LKR
Construction Laborer Facilities / Maintenance / Repair 299,500 LKR
Contracts Administrator Facilities / Maintenance / Repair 814,500 LKR
Facilities Coordinator Facilities / Maintenance / Repair 725,700 LKR
Facilities Director Facilities / Maintenance / Repair 1,751,700 LKR
Facilities Engineer Facilities / Maintenance / Repair 1,011,500 LKR
Facilities Maintenance Manager Facilities / Maintenance / Repair 1,524,300 LKR
Facilities Maintenance Supervisor Facilities / Maintenance / Repair 1,051,400 LKR
Facilities Manager Facilities / Maintenance / Repair 1,391,600 LKR
Field Service Manager Facilities / Maintenance / Repair 1,333,900 LKR
Field Service Technician Facilities / Maintenance / Repair 275,200 LKR
Fire Alarm System Installer Facilities / Maintenance / Repair 480,300 LKR
Glazier Facilities / Maintenance / Repair 315,700 LKR
HVAC Mechanic Facilities / Maintenance / Repair 309,800 LKR
HVAC Technician Facilities / Maintenance / Repair 327,300 LKR
Laborer Facilities / Maintenance / Repair 290,800 LKR
Maintenance Fitter Facilities / Maintenance / Repair 308,900 LKR
Maintenance Mechanic Facilities / Maintenance / Repair 290,800 LKR
Maintenance Officer Facilities / Maintenance / Repair 325,900 LKR
Maintenance Planner Facilities / Maintenance / Repair 483,400 LKR
Maintenance Supervisor Facilities / Maintenance / Repair 566,900 LKR
Maintenance Worker Facilities / Maintenance / Repair 288,700 LKR
Mechanic Facilities / Maintenance / Repair 322,600 LKR
Plant Engineer Facilities / Maintenance / Repair 896,700 LKR
Property Administration Officer Facilities / Maintenance / Repair 568,500 LKR
Service Engineer Facilities / Maintenance / Repair 938,100 LKR
Service Operations Manager Facilities / Maintenance / Repair 1,510,400 LKR
Technician Facilities / Maintenance / Repair 299,500 LKR
Tool Technician Facilities / Maintenance / Repair 288,700 LKR

Salary Comparison by City

If you want to compare salaries with different cities in Sri Lanka, you can use the links below to explore the data for each specific city we have researched.

City Average Salary
Colombo 1,416,825 LKR

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