The Benefits of Long-Term Contracting
With the building sector continuing to benefit from a surge in project values, Victoria’s market is currently showcasing a range of new developments in excess of $100m. The combination of these project values and an increased number of projects, along with the flexibility that contract workers offer, has boosted the demand for contractors across Melbourne in recent years (working for both Tier 1 and Tier 2 builders). I’ve worked as a white-collar contract recruiter for a couple of years now, and my time in this role has allowed me to see first-hand the positive impact that contractors are having on not just the industry, but their own careers too.
Why Choose Contracting as a Career Path?
Given the opportunity to stay on a contract for long periods of time, working as a contractor has become a viable long-term employment option for construction professionals who are searching for something different in their career. So, why move into contracting? There are a number of advantages in making this a long-term career move.
Flexibility
With the contract market booming, you can be confident in finding the work you want, when you want it. Perhaps you want a couple of months off in between contracts? With contracting, you have the flexibility to pick and choose the roles that suit your schedule.
Rates
Given the workload generally expected in Tier 1 and 2 projects, contract roles can be very lucrative. However, contractors typically don’t have access to bonuses and other benefits – so be sure to research the appropriate market rates beforehand, check out the Consultive 2019 Salary Guide and take into account any non-monetary benefits, such as annual leave. Your contract recruiter can help you here!
Industry Exposure
While contracting has plenty to offer in terms of flexibility and rates alone, you’re also exposed to a wide range of experiences that naturally come from working with different builders, systems and procedures over time. With the freedom to move between contracts, you will find yourself immersed in new work styles and cultures that you’ve never encountered before. It also allows you to become more adaptable and discover the type of environment that is the best fit to you.
Experience Different Projects and Clients
Being a contractor means gaining access to projects of all sizes and types. This could be anything from fit-outs to new builds to refurbishments and more. During a contract, you might be working on an army barracks, the next a high-rise residential tower, or even a hospital. With such a range of projects, it certainly keeps your job interesting!
Career Development
Long-term contracting provides a unique opportunity to strengthen your insight, experience and skill set. Consequently, it’s a great way to get involved in innovative projects or move into a new area of the industry. With many contracts having a focus on collaboration and partnerships, it’s also common for people to get a foot in the door to other exciting opportunities.
Final Thoughts
Whether you’ve had previous exposure to Victoria’s contracting scene, or you’re looking for a fresh start, the constant stream of new developments kicking off in and around Melbourne means there has never been a better time to work as a contractor. To find out more about your contracting options, the current market rates or for our latest opportunities - get in touch, I’d love to hear from you!