There may be no difference, it depends on how the job description is written. StepbyStep Instructions for Creating a Contract Without An OhioBuys Solicitation.Contract management is the process of managing legallybinding agreements from initiation through to execution. Effective contract management systems should notify contract managers and owners of contract renewals, terminations and other important dates. The foundation of any good business is contract management. Learn everything you'll need to know about the contract lifecycle here. In this article, we'll review two primary types of contracts used: verbal and written. Primarily, an administrator does most of their work before the contract is signed while a manager does most of their work on existing contracts. Firms need contract managers to ensure that their contracts are carefully created and as beneficial to their interests as possible. The contract manager is the executor of contracts.