Conductivity is a measure of how well your water carries an electrical current.
Conductivity is not a "contaminant" and will not cause illness, though it can be indicative of minerals that can.
For example, if you have high salinity/sodium levels, you probably will also have high conductivity.
What does the pH mean?
pH is a measure of the hydrogen ions in solution.
Any pH less than 6.5 or greater than 8.5 is considered corrosive.
The primary concern is of lead and copper from pipes being dissolved in corrosive drinking water.
If your home was built before 1980, and your well water report shows that your water is corrosive, it is recommended that you look into re-plumbing your home.