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Previously on "How easy to keep changing contracts?"
[CAVEAT - Depends on the type of work you're doing] I Would recommend not doing just 2-3 months somewhere then moving on; if you're given the chance of a couple of renewals then take them. My contracts are in programming (I expect most here are) and it is generally expected that a project is going to take more than 2-3 months, even if that is just what they take you on for (they will get rid of you if you're sh!te however). When it comes to securing a contract and you've got lots of 2-3 monthers (and nothing longer) this will raise suspicion that you're not up to the job (and hence not renewed) and make it less likely that you'll be offered.
Good advice. The only issue I have is that most of the time I can do the whole thing one my own over a weekend before the contract starts, so it is actually quite a skill to spin the contract out as long as possible. If you're in a large team it's not so difficult to do as everyone else is at the same game. One on ones are quite a problem though, so in such circumstances I would ask for a fixed price and try and work it from home.
Oh and additionally, on the IR35 question, I contend that 1-1.5 years is a reasonable amount of time to spend on any specific project, thus serving your client for a specific requirement and then leaving when the job is done (thats what we all do right?) - just make sure you have the substitution clause in the contract too, and ideally a schedule of deliverables.
So, I was wondering, what are people's experiences of the nomadic lifestyle - 3 months here, 2 months there? Is it any easier to pick up short-term contracts compared to longer ones? Does being outside IR35 make enough of a difference in take-home pay to make the gamble worthwhile? Also... any other pros and cons, just list them. Cheers.
[CAVEAT - Depends on the type of work you're doing] I Would recommend not doing just 2-3 months somewhere then moving on; if you're given the chance of a couple of renewals then take them. My contracts are in programming (I expect most here are) and it is generally expected that a project is going to take more than 2-3 months, even if that is just what they take you on for (they will get rid of you if you're sh!te however). When it comes to securing a contract and you've got lots of 2-3 monthers (and nothing longer) this will raise suspicion that you're not up to the job (and hence not renewed) and make it less likely that you'll be offered.
I tried exactly this method, BB , and am getting divorced at the end of the month - her decision.
Sure , you need a wife that understands the financial mechanics of this system but if you were doing a permy job on a permy salary and staying at home on the 9 to 5 would that have saved your marriage ?
If you are married to someone that expects you to do 9 to 5 and be there then a permy job is best , sorry to hear that things didnt work out for you , this is my second marriage and I know the sh!t you go through with divorce , lucky that I didnt have children in my first marriage otherwise this system would not work for me either , alamoney is expensive.
I should be able to do a 6 month on and 6 month off as soon as I stop paying for my son to go to a private school which is in 2 years time , my wife has agreed that this would be good for us so she is prepared to wait.
Overall this system does give me a better standard of life than the 9 to 5 permy route , but like contracting its not for everyone.
The best way to do contracting is to live somewhere really cheap so you can buy your own house quickly and then go back there for 2 or 3 months a year to see kids and wife.
Ive been doing this for the last 5 years and it works for me , I now spend 3 to 4 months at home and the rest of the year working.
I get a better quality of life with my family as I normally dont work when my kid is on holiday so get to spend a lot of time with him.
Wife sees me more than she would if I was working in the area and just seeing her weekends and after work.
You need to be able to stockpile cash when your working to get you through the months when your not , it is expensive to stay home so my plans to do 6 months home 6 months work had to be scrapped.
It also gives me time off to do training if I need to and to read up on new bits of technology.
Constantly moving - yeah its almost a skill in itself
You get real good at jobserve
you get real good at telephone interviews
you get real good at neotiating with agents
you get real good at fitting quickly into new teams
you get real good at learning new corporate philosophies
you get real good at learning how the phone system works
You have to cope with not seeing the missus
you have to cope with not seeing the kids
you have to cope with not seeing the benefits of your work
you have to cope with living in a hotel
you have to cope with over indulgence of beer and bad diet
the whole thing is almost a skill, not many can hack it
Long-term contracts do give continuity of income. However, I've done two long-term contracts in the past, and after both I found I was "out of circulation" and found it difficult to find new work.
So now I look at one year as a limit, with some three and six-monthers. This keeps a variety of experience on my recent CV, which means a bit more to agents and clients than having a long stint at the same, comfortable place.
I'm not brilliant at selling myself, so it forces me to practice that skill as well.
It keeps you fresh (as you say), adapting to new challenges a couple of times a year or so, and looking for quick wins.
Lastly, variety is the spice of life - you can experience working in more crap towns.
I've worked about 15 years as a permie, and then the last 6 as a contractor. Thing is, I've always taken long term (3yr+) contracts due to wanting a bit of stability, having a big family and that. But now I'm thinking I might be better off moving around between short contracts, staying outside IR35 and basically milking my experience and skills for everything I can before I get too past it. It might also keep me fresh, perhaps.
So, I was wondering, what are people's experiences of the nomadic lifestyle - 3 months here, 2 months there? Is it any easier to pick up short-term contracts compared to longer ones? Does being outside IR35 make enough of a difference in take-home pay to make the gamble worthwhile? Also... any other pros and cons, just list them. Cheers.
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