Originally posted by MrMarkyMark
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Typical payment period from agency
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Let us not forget EU open doors immigration benefits IT contractors more than anyone -
Originally posted by DodgyAgent View PostSpot on Marky McMark face . This comes from the "janet and John" guide to risk!
Well, at least someone, albeit an agent, has finally got the real issue at hand.
I can't believe the amount of contractors, here, that don't fight to try and improve their terms.
Dodgy QQ for you, do all your contractors get the same payment terms? I know for a fact that some agencies operate a 2, or more, tier system and that not everyone gets treated the same.
When I have been truly direct I have had 90 days payment terms, this was for a large blue chip, so I had to suck it up.The Chunt of Chunts.Comment
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Originally posted by LondonManc View PostAs soon as I've got a timesheet signed, I've got a legitimate claim on that cash - it is owed.Originally posted by Stevie Wonder BoyI can't see any way to do it can you please advise?
I want my account deleted and all of my information removed, I want to invoke my right to be forgotten.Comment
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Originally posted by SimonMac View PostSorry but that is bollocks, you have a legitimate claim once the terms of your contract have been honored, if they say a month you have to wait a month.The greatest trick the devil ever pulled was convincing the world that he didn't existComment
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Originally posted by MrMarkyMark View PostVery true, although looking at some of the replies I have read on here.......
Well, at least someone, albeit an agent, has finally got the real issue at hand.
I can't believe the amount of contractors, here, that don't fight to try and improve their terms.
Dodgy QQ for you, do all your contractors get the same payment terms? I know for a fact that some agencies operate a 2, or more, tier system and that not everyone gets treated the same.
When I have been truly direct I have had 90 days payment terms, this was for a large blue chip, so I had to suck it up.Let us not forget EU open doors immigration benefits IT contractors more than anyoneComment
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Originally posted by DodgyAgent View PostI have about 60 contractors and if they ask i will pay them on terms that suit them. We factor anyway so payment is pretty quick
If you don't ask, you don't get, blow me down with a featherThe Chunt of Chunts.Comment
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Originally posted by MrMarkyMark View PostAh.......there's a real surprise.....
If you don't ask, you don't get, blow me down with a featherLet us not forget EU open doors immigration benefits IT contractors more than anyoneComment
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Originally posted by MrMarkyMark View PostNot unheard of unless you can negotiate better.
I would recommend credit checking the agency, just in case they have money problems.
Given the state of the economy these days, I always insist on a weekly payment.
i.e. work one week, invoice Monday, paid Friday.
That limits me to the potential exposure of "only" losing one weeks money.
The risk of losing money, if an agency goes under is very real, I've heard of people losing £20K+ before.
We regularly talk to contractors who are in this exact position, they get a gig from an agency and do zero due diligence on the agency or its directors/shareholders.
Generally the first indication these contractors have that anything is wrong is when the final invoice goes unpaid... Only then do they actually conduct any due diligence and they'll often find obvious warning signs of a poor payment history or "sharp" business practices
If you haven't credit checked a potential agency you can't even begin to identify the risk, let alone negotiate terms to accurately reflect and negate it.Comment
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Originally posted by Safe Collections View Post
If you haven't credit checked a potential agency you can't even begin to identify the risk, let alone negotiate terms to accurately reflect and negate it.
I've never done one, and never been let down, but will do in the future.See You Next TuesdayComment
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Originally posted by Lance View PostWhere's a good starting point to do a check on an agency?
I've never done one, and never been let down, but will do in the future.Let us not forget EU open doors immigration benefits IT contractors more than anyoneComment
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