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Weeks worked per year
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If you need a glossary you're not cut out to be a contractor.Originally posted by Andy O View PostDo we have a glossary of acronyms on the site?"Being nice costs nothing and sometimes gets you extra bacon" - Pondlife.Comment
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I would say base it on around 40 weeks per year so as to account for holiday periods and downtime between contracts. If your working 48-50 weeks a year each year then you're working too hard [emoji3]Comment
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1+2+1+1 = 5Originally posted by skysies View PostI'm trying to figure out the value of my next contract. What's the average of weeks you worked in a year?
Based on my previous gigs I average 48 weeks per year out of the 52 weeks. Is that a kill?
Below the breakdown:
1 week - bank holidays
2 weeks - summer holiday
1 week - winter holiday
1 week - sick days
There are 8 bank holidays.
Don't forget to factor a furlough in at some point.
In general I budget for 40 weeks if on shorter contracts, 44 on longer contracts.The greatest trick the devil ever pulled was convincing the world that he didn't existComment
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Not Cut Out To Be A Contractor.Originally posted by Andy O View PostDo we have a glossary of acronyms on the site?
Similar is
AYCOTBAC?
Along with the more commonly used WGAS
If you've got those, you should be fine.The greatest trick the devil ever pulled was convincing the world that he didn't existComment
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Down with racism. Long live miscegenation!Comment
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When I first started contracting four years ago I based it on 40 weeks a year. In practice it's been around 36 weeks as I've taken some extended periods off for family reasons and had a much longer than expected time on the bench after my first contract.
I think 40 weeks is prudent to base your annual budget on especially in the current market. As mentioned above, you have the benefit of more time off which for me at least, is the main reason I went contracting rather than to make more money compared to my perm days.Comment
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I use 220 days just to help value a contract.
But that's quite hard go achieve.
200 sounds like a good number to use.Comment
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The Chunt of Chunts.Comment
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