I responded to an RFP (request for proposal) for a contracting position.
The RFP specified a 1 year contract, with a possibility of a second year.
I have reason to believe there's a reasonable chance that this position could transition to a full-time employed position.
In the proposal I sent, I mentioned a salary figure as my proposed contract compensation.
I'm a little worried that I may have come in a bit low; the figure is roughly 50% more than what I currently make in my full time position (which I would have to leave to take the contract position).
I've contracted before, but either through an agency, or for short term side work at an hourly rate.
For reference, I'm in the US, and I will be able to switch to my wife's health insurance policy (which is slightly more out-of-pocket cost for me, but it's a vastly better policy).
The interview seemed to go well. If they do decide that they want to hire me, what can I expect to happen? What questions do I need to ask?
Main concerns I have are:
salaried vs hourly compensation
how taxes will be handled