Reply to: Contract dilemma.

[GhostofTarbera]

I thought OP was the older generation so choices are

Better looking contract on paper and possible death by Covid by visiting office every day

Or stay at home

No brainer


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[BR14]

like i said already:
same rate.
don't commute.
simple.

[eek]

Okay if that is what BR14 is getting at. Money for me, when you’re thinking as a limited company director, is the bottom line profit for that gig, i.e. its revenue less its costs.

How profitable is that contract to the limited company compared to the other one on offer? If the revenue is the same and so is the duration, then it is the one with the lowest costs.

Well given one has travel costs and the others 100% from home, as both pay the same daily rate the WFH contract generates a high gross profit compared to the one that has travel costs.

Downside is that the WFH sounds boring as hell but I don't think it matters as the other contract is just more interesting rather than a new skillset.

I would take the WFH contract.

[LondonManc]

It's point of semantics, true, but IMO the rate is what is paid to your LtdCo and the money is what is made from the gig.

Okay if that is what BR14 is getting at. Money for me, when you’re thinking as a limited company director, is the bottom line profit for that gig, i.e. its revenue less its costs.

How profitable is that contract to the limited company compared to the other one on offer? If the revenue is the same and so is the duration, then it is the one with the lowest costs.

[ladymuck]

What were you expecting the payment in, thermos flasks?

It's point of semantics, true, but IMO the rate is what is paid to your LtdCo and the money is what is made from the gig.

[LondonManc]

the OP said 'same rate' not 'same money'.

What were you expecting the payment in, thermos flasks?

[BR14]

You say it’s the same money but haven’t factored in travel costs, regardless of how the contract sits. Hint: it’s not the same money.

the OP said 'same rate' not 'same money'.

[LondonManc]

You say it’s the same money but haven’t factored in travel costs, regardless of how the contract sits. Hint: it’s not the same money.

[b0redom]

If it’s a 100 miles commute, that’s probably 2-3 extra hours a day, so even accounting for the mileage costs, it’s not the same money.

If you’re that bothered about it looking junior, use some of the many extra hours you save by investing in some training/certification.

[jayn200]

That's a lot of travel for same amount of money. I'd probably stick with the current role. Don't worry about seniority, it's one contract and during very strange times.

[Zigenare]

It’s strange times but the market is picking up. I took a contract three months ago which is more junior and specialised to my normal line of work. I have a renewal offer for six months. Kind of a nodding dog role but 100% remote. Would be nice to have a renewal to show otherwise it may look wrong....

I have another offer - also six months, same money, much more senior and interesting. However probably 3-4 days on site 100 miles away. Both great clients and both roles likely to renew well into next year for different reasons. Nodding dog doing easy home work or too dog pumping out the motorway miles is the dilemma...

Life's too short to waste it on the motorway.

[DoctorStrangelove]

Is the Mafia involved?

[fullyautomatix]

<canned laughter>

[dsc]

Is it 3-4 days on site, or more like 3-5, but actually more like 4-5 with the occasional (read often) 5 day on site per week?

Depends I think how brain dead your current contract is making you, then again, doing 100 miles a day will probably be acceptable for the first week and then you'll be cursing the day you switched contracts.

I personally wouldn't worry to much about the junior aspect of it, as you can simply take away the "junior" bit from your CV.

[BR14]

rates the same.
don't commute.
simple.