Reply to: HSBC inside IR35 contract

[TheDude]

Im actually worth way more than that to my current client.

I just saw them waste £1million+ on 6 unproductive contractors over the last 18 months.

I have produced 10 times more work for the client than those 6 other contractors combined.

Not surprisingly they were all shown the door, while im still getting extensions.

If you really are the 60x developer you think you are then you would have walked for a much higher rate.

[TheDude]

My experience with resource solutions is that they were useless.

I'll echo the previous comments - you may be resigned to not working over Christmas week but I have seen contractors forced to take three or four weeks off over Christmas so think about that.

[Cupid Stunt]

Thanks a bunch. Got the contract...only for 6 months. So whatevs. Let's see how it goes. Not sure if it will go longer than 6 months. I was told it might be 2 years in all. Let's see.

What happened with your 6 month contract? Did they extend it?

[slogger]

check contract

not all the inside ir35 contracts are the same at HSBC - e.g. some had a fixed number of days in them that you could charge during the contract, others not.
one big thing is notice period if you're inside IR35 - I was there a while back and several departments work was moved to HK - I was lucky in that I was paid 4 weeks notice, whereas others (that where inside ir35!) - got 0 notice. Deffo make sure you have a notice period if your inside ir35, especially with the big banks.

[SussexSeagull]

Some of the projects I have worked on went on to earn millions for the end client but not sure that makes me worth a million pounds!

[northernladuk]

Im actually worth way more than that to my current client.

I just saw them waste £1million+ on 6 unproductive contractors over the last 18 months.

I have produced 10 times more work for the client than those 6 other contractors combined.

Not surprisingly they were all shown the door, while im still getting extensions.

You forgot to start your post with 'Once upon a time'.......

[Fraidycat]

Says the idiot that thinks he's worth 2k a day.

Im actually worth way more than that to my current client.

I just saw them waste £1million+ on 6 unproductive contractors over the last 18 months.

I have produced 10 times more work for the client than those 6 other contractors combined.

Not surprisingly they were all shown the door, while im still getting extensions.

"In software the difference between what the average and the best [programmers] is 50 to 1 maybe even 100 to 1"
- Steve Jobs

[PerfectStorm]

I don't really take much notice of end dates anymore. Might just be me but clients either run out of money or extend you.

Or take dislike to you.

Short contracts extend, long contracts get cut short. The only certainty you have is the day you've just worked, really. (and even then...)

[barely_pointless]

Normally clients have a rough idea of how long the initial work is.

And also a client should try and keep a contractor on his toes, too many are freeloading slackers.

Many contractors think they worth the money just for their skills and experience alone, but don't actually want to do any hard work that actually uses those skills in the contract itself.

I was at a client once, and the 6 hours of work I did a week equated to more output than an entire department of people to a week, sometimes you're just a winner winner chicken dinner.....

[northernladuk]

Normally clients have a rough idea of how long the initial work is.

And also a client should try and keep a contractor on his toes, too many are freeloading slackers.

Many contractors think they worth the money just for their skills and experience alone, but don't actually want to do any hard work that actually uses those skills in the contract itself.

Says the idiot that thinks he's worth 2k a day.

Personally i provide so much value and productivity compared to other contractors. I would be good value even at £2000 a day.

[Fraidycat]

The problem is that the industry is based on 3/6/12 month contracts for no reason at all outside the fact they just want bums on seats.

Normally clients have a rough idea of how long the initial work is.

And also a client should try and keep a contractor on his toes, too many are freeloading slackers.

Many contractors think they worth the money just for their skills and experience alone, but don't actually want to do any hard work that actually uses those skills in the contract itself.

[SussexSeagull]

I've never had an agent say "to be honest they'll have you for 3 months and bin you then", though it does of course happen.

Extensions aren't guaranteed. Full contract terms aren't guaranteed. You get danger money in exchange

I don't really take much notice of end dates anymore. Might just be me but clients either run out of money or extend you.

[PerfectStorm]

I've never had an agent say "to be honest they'll have you for 3 months and bin you then", though it does of course happen.

Extensions aren't guaranteed. Full contract terms aren't guaranteed. You get danger money in exchange

[Lance]

I have never had longer than a six month contract and I don't see anything longer than six months being advertised. Before anyone chips in to highlight their 25 year outside of IR35 contract on £2,000 a day I am not saying it doesn't happen just quite unusual.

The problem is that the industry is based on 3/6/12 month contracts for no reason at all outside the fact they just want bums on seats.
When an agent says 3 months but maybe 2 years it means one of two things.

1) This is a big project, of at least a year but we ant to reserve the right to bin you off without argument if you're crap (yes I know they don't need to wait but it's just how client managers think).
2) We want a permietractor.

[SussexSeagull]

I have never had longer than a six month contract and I don't see anything longer than six months being advertised. Before anyone chips in to highlight their 25 year outside of IR35 contract on £2,000 a day I am not saying it doesn't happen just quite unusual.