Not seen many of those...

[d000hg]

2 year contracts that is. In fact possibly the first one I've come across in my area.
Is it unusual?

[chef]

I had 2 year contracts but they were usually the result of 3-6 months initial work with several 3 month extensions once they realised the project needs far more time to be done properly

[northernladuk]

Don't be confused by these new permie 2 year contracts where they can have you work as a permie for 2 years and not have to give you all the benefits. After a certain time they are obliged to give you an offer or let you go. BUPA do it. Dunno how they can get away with them, its like getting 2 years cheap labour and not have to commit to the employee.

Without seeing the contract it may be a proper 2 year contract as we know it but would be mindful of the above first.

[d000hg]

Don't be confused by these new permie 2 year contracts where they can have you work as a permie for 2 years and not have to give you all the benefits. After a certain time they are obliged to give you an offer or let you go. BUPA do it. Dunno how they can get away with them, its like getting 2 years cheap labour and not have to commit to the employee.

Without seeing the contract it may be a proper 2 year contract as we know it but would be mindful of the above first.

Hadn't thought of that. Since I'm not applying I'll never know - but the ad reads:

C++ low latency Developer - London
Essential Skills:
C++
Linux/Unix
Finance experience specifically ecommerce, equity and fixed income, particulaly within a low latency environment

My client is looking for a C++ low latency developer with a track record of working within the finance sector

The ideal candidate with be a C++ low latency developer comfortable writing algorithms within a fixed income and ecommerce background

Contract 2 years, start ASAP, Market Rates
Please email an updated CV if interested

In that sector, I'd assume it is a proper deal and they simply need someone to stick around long enough to be valuable.

[craig1]

It depends if "market rates" are genuine contractor market rates or disguised permie "take the salary and divide it by 240 to give a daily rate" rates. The former can be quite lucrative and give good long-term potential for building a huge warchest plus paying for a long "sabbatical" break, even though the 2 year time means no travel expenses from the very first day.

[Normie]

I had a 2 year contact, which was then renewed for another 2 years. "Proper" contract and "proper" rates (£450+) - still got another 6 months to go on the extension.

[Scrag Meister]

It depends if "market rates" are genuine contractor market rates or disguised permie "take the salary and divide it by 52 to give a daily rate" rates. The former can be quite lucrative and give good long-term potential for building a huge warchest plus paying for a long "sabbatical" break, even though the 2 year time means no travel expenses from the very first day.

I'd take £salary/52 as a daily rate.

[craig1]

I'd take £salary/52 as a daily rate.

Fixed....

[d000hg]

the 2 year time means no travel expenses from the very first day.

[Why] is that the case?

[craig1]

[Why] is that the case?

Unless you expect to be on site for <40%, you come against the 2 year rule.