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Should I take a contract position?

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Hey guys,

So I am pretty good Java dev who transitioned to a managementish
position inside of the company where I was working about two years
ago.  Recently, I got laid off.  I would really rather find a position
more similar to the one that I transitioned to, but Java devs are in
pretty high demand and I could pick up a contract position doing Java
development pretty easily.

I haven't really worked in a contract position before, so before I
spend a lot of time interviewing, etc. I have some questions:
1) Do contracts usually stipulate a minimum amount of time that a dev
will work at a position?  Are there penalties for leaving early (in
case I find something more to my taste)
2) Do these contract positions provide insurance usually?
2) Any other sage words from people who have done contract work?

Thanks in advance for the advice!

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Thread

Should I take a contract position? kramer31 <kramer.newsreader@gmail.com> - 2012-04-03 16:21 -0700
  Re: Should I take a contract position? Lew <lewbloch@gmail.com> - 2012-04-03 18:28 -0700
    Re: Should I take a contract position? Roedy Green <see_website@mindprod.com.invalid> - 2012-04-04 13:07 -0700
      Re: Should I take a contract position? Gene Wirchenko <genew@ocis.net> - 2012-04-04 14:52 -0700
  Re: Should I take a contract position? Roedy Green <see_website@mindprod.com.invalid> - 2012-04-04 13:01 -0700
    Re: Should I take a contract position? Arved Sandstrom <asandstrom3minus1@eastlink.ca> - 2012-04-04 19:27 -0300
  Re: Should I take a contract position? William Colls <william.colls@rogers.com> - 2012-04-04 16:05 -0400
    Re: Should I take a contract position? Lew <lewbloch@gmail.com> - 2012-04-04 18:20 -0700
      Re: Should I take a contract position? Arved Sandstrom <asandstrom3minus1@eastlink.ca> - 2012-04-05 07:02 -0300
  Re: Should I take a contract position? Jukka Lahtinen <jtfjdehf@hotmail.com.invalid> - 2012-04-04 23:27 +0300

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