Reply to: Boooomed/advice needed

[DirtyDog]

Hello. 2.5 months into a 6 month gig and client co already got sign off on budget for an extension. That has to be some sort of record?

Anyway should I get them to tear up the current contract and get them to issue another one with revised dates. Or simply change the schedule with new dates. Pretty sure it would be a bad idea to wait a few months for them to produce a new contract. Want to make sure there is no implied Moo. Also get it in writing /snap their hand off

What does signing an extension / new contract now give you?

Personally, I'd wait until nearer the time so you can weigh your options up carefully then - you may have a better offer, the market may have changed, or you may hate the project / client and want out at that stage. Signing an extension at this stage gives you nothing, since they can always terminate before then if they want rid of you.

[aussielong]

... sore?
... used?
... red?
... loose?

Nah! I can't think of a meaning that makes any sense!

Your analogies are like a tulip on a Wednesday

...covered in sh1t
...useless
...ruined
...a bl00dy mess
...a trail of destruction
...a tad embarrassing
...irredeemable
...broken
...sporting evidence of having "been around"
...

[Dactylion]

Your CV must be like a rent boys ring after a weekend in Brighton.

... sore?
... used?
... red?
... loose?

Nah! I can't think of a meaning that makes any sense!

Your analogies are like a tulip on a Wednesday

[aussielong]

Don't you have a project to save and BAs to bitchslap?

You only have a catalog of embarrassing failures to pick from when you give out advice on contracting.

Your CV must be like a rent boys ring after a weekend in Brighton.

[NickFitz]

Sounds like a boom to me

[suityou01]

Antipodean drivel

Don't you have a project to save and BAs to bitchslap?

[aussielong]

If it was me I'd be pinging the market to see where it's at.
You know where they stand. You have the upper hand now.
Hedge your bets then strike while the irons hot.

[Zippy]

OK, I'll be the Cassandra then. Grab the extension but don't think you've locked them in as they could dump you anytime. Well done though.

Where is NLUK anyway?

[suityou01]

Its also a very ir35 friendly engagement

So to summarise I'm going to try and lock them down into a new contract.

There we are, was that so hard?

[No2politics]

Its also a very ir35 friendly engagement

So to summarise I'm going to try and lock them down into a new contract.

[No2politics]

Kind of political response there N2P

I hadn't really considered that approach, so I'm definitely glad of the input. And from a strictly financial perspective you could argue it's the right move.

However this contract is very important to me for a number of reasons.
-it's diversifying my experience, and will almost certainly lead to lots of new work with clients I wouldn't have been able to reach otherwise
-the day rate is the highest I have ever billed and it's working from home. I might be able to match the rate elsewhere but not the conditions
-the client is from my personal network, not an agent and new client. So I'm less inclined to negotiate up since I know there is no leech in the middle.

[suityou01]

Interesting perspective thanks!

Kind of political response there N2P

[No2politics]

Don't do this. You lock in now, you give up the chance to negotiate a rate rise at the end of your first 6m, its too early to ask for a rise at 2.5m

You know their position (it's in the bag), why lock in? Something better might come along in the next few months.
The market is generally picking up.

Interesting perspective thanks!

[suityou01]

Don't do this. You lock in now, you give up the chance to negotiate a rate rise at the end of your first 6m, its too early to ask for a rise at 2.5m

You know their position (it's in the bag), why lock in? Something better might come along in the next few months.
The market is generally picking up.

Right on cue

[aussielong]

Just the one boom eh?

Given that it's so early get them to reissue the contract. List it on your CV as an extension.

HTH

Don't do this. You lock in now, you give up the chance to negotiate a rate rise at the end of your first 6m, its too early to ask for a rise at 2.5m

You know their position (it's in the bag), why lock in? Something better might come along in the next few months.
The market is generally picking up.