Just looking for some advice from you guys and gals. First off, nobody needs to say sorry, or anything negative.. it’s part of the world I live in.
I’m a contractor supporting IT (ERP) solutions. Last year, I left a job as a full time employee of one company to start my own company and go 1099. I actually came back to the previous company that I had left, but as a sub-contractor now. This project I’m on has been here for the past 15 years. We just found out that as of 12/7, it’s over. Some of the full time people will be moving to another project, the subs(the more knowledgeable people) aren’t. That puts me out of work…. Sort of.
Our contract is over as the product we support is going to be replaced. The new product that has been selected has not been released as of yet. The government has been tight lipped on which product will be selected. We are supposed to find out on 11/17.
Here is my quandary. If one of the products wins, I have a 90% chance to move to that project, pending the rates. It’s not a guarantee. It’s a slow starting project, but should be a 10 year minimum project. I’m the meantime, my old company wants me back as a 1099. The rate would be roughly the same as I’m at now (give or take $5/hr).
If I wait until the 17th to find out, I may be let down by either the lack of positions or low rate. If I take the other job(which is ok, but I struggled with the work), I can start in 2-3 weeks. My ideal landing place would be the new contract (only if the 1 vendor wins it).
Which direction do I go. It’s nice knowing a I have a guaranteed position, so I’m not going to be out of work. Do I hold out till the 17th and then see? If my clearance transfer process goes slow, I could be out for a week or more. So I take the guarantee, and bust my ass to make it work??
I’m open for advice…
Mark
I’m a contractor supporting IT (ERP) solutions. Last year, I left a job as a full time employee of one company to start my own company and go 1099. I actually came back to the previous company that I had left, but as a sub-contractor now. This project I’m on has been here for the past 15 years. We just found out that as of 12/7, it’s over. Some of the full time people will be moving to another project, the subs(the more knowledgeable people) aren’t. That puts me out of work…. Sort of.
Our contract is over as the product we support is going to be replaced. The new product that has been selected has not been released as of yet. The government has been tight lipped on which product will be selected. We are supposed to find out on 11/17.
Here is my quandary. If one of the products wins, I have a 90% chance to move to that project, pending the rates. It’s not a guarantee. It’s a slow starting project, but should be a 10 year minimum project. I’m the meantime, my old company wants me back as a 1099. The rate would be roughly the same as I’m at now (give or take $5/hr).
If I wait until the 17th to find out, I may be let down by either the lack of positions or low rate. If I take the other job(which is ok, but I struggled with the work), I can start in 2-3 weeks. My ideal landing place would be the new contract (only if the 1 vendor wins it).
Which direction do I go. It’s nice knowing a I have a guaranteed position, so I’m not going to be out of work. Do I hold out till the 17th and then see? If my clearance transfer process goes slow, I could be out for a week or more. So I take the guarantee, and bust my ass to make it work??
I’m open for advice…
Mark