Originally posted by perplexed
View Post
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Taking multiple contracts
Collapse
X
-
-
Originally posted by perplexed View PostThe "hours per day" only matters for T&M gigs surely? If you're working to SoW with milestones that trigger payment, it's irrelevant the hours you put in?
You'd have to very brave to do a fixed price SOW for a client you don't know.
A T&M SOW is common.See You Next TuesdayComment
-
Originally posted by Lance View Post
not necessarily.
You'd have to very brave to do a fixed price SOW for a client you don't know.
A T&M SOW is common.
I think in a brave new world, fixed price SOW is the way forward personally, but who knows how things wiil turn out?Comment
-
Originally posted by perplexed View Post
Demonstrates financial risk...
I think in a brave new world, fixed price SOW is the way forward personally, but who knows how things wiil turn out?
Real businesses don't do fixed price without a lot of commercial savvy and aggressive project managers who protect their scope. If you're a one-man band who doesn't know this already, then you're not ready for it IMO.
What you gonna do when the client makes you wait 20 days for a change request?See You Next TuesdayComment
-
Originally posted by Lance View Post
IS a financial risk. Which whilst on CEST, is not actually a factor in IR35 legislation or case law.
Real businesses don't do fixed price without a lot of commercial savvy and aggressive project managers who protect their scope. If you're a one-man band who doesn't know this already, then you're not ready for it IMO.
What you gonna do when the client makes you wait 20 days for a change request?
UK elite will outsource dem work to europe on the cheap and pocket the difference. Services economy woohooLast edited by GitMaster69; 2 April 2021, 09:11.Comment
-
Originally posted by GitMaster69 View Post
I've done SOW before, it's crap. Running out of budget is common, which will inevitably make you work for free to fix all these "bugs" or whatever. It has to be paid by day. I'm currently working with public sector on hard-outside gig. We don't have fixed hours and are for day delivery. Already found a macedonians dev that will help me in case i'll manage to find another one like this.
UK elite will outsource dem work to europe on the cheap and pocket the difference. Services economy woohoo
Although you could have a fixed-price payment milestone for delivering the code, then do bugs T&M.
But that means you're asking the client to take all the risk.
Fixed price has to involve some well known factors, and bug fixes will always be a challenge. Which is why you would do fixed price where you think of a big number and double it, then add 50%. I can't see many clients going for that though.See You Next TuesdayComment
-
Fixed price is where it's at.
I have one main 9-5 client, 1 long term client, Client A (10 years), who I do ad-hoc fixed price work for, and have just onboarded another fixed price client this week, Client B, 6 months in the planning as it happens, based on work for Client A.
Client A, I did a year with them on a "normal" contract, and they just kept coming back to me. I got another fixed price set of jobs for another client off the back of that, Client C (they eventually took the work in-house), and this new piece is similar (though hopefully might get more longevity)
Comment
-
Originally posted by GitMaster69 View Post
I've done SOW before, it's crap. Running out of budget is common, which will inevitably make you work for free to fix all these "bugs" or whatever. It has to be paid by day. I'm currently working with public sector on hard-outside gig. We don't have fixed hours and are for day delivery. Already found a macedonians dev that will help me in case i'll manage to find another one like this.
UK elite will outsource dem work to europe on the cheap and pocket the difference. Services economy woohoo
ps. work for free!? Not even once!Comment
-
Originally posted by jmo21 View PostFixed price is where it's at.Comment
-
If you do two at the same time, the practical considerations are - how do you deal with a double booking - both teams want a 9AM call, what do you do?
Also, which client do you put on your LinkedIn job history?⭐️ Gold Star ContractorComment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Comment