Dear Gurus,
I'm new to this forum and new to contracting but cant stress enough how much invaluable information I found here that helped me embark upon a contractor journey after long years of permanent role. I was looking for that first contract which I recently nearly managed to get, but fell through at the last minute. I was recently contacted by an agency for a 1 yr contract role. Initially they mentioned that they're only able to offer a certain daily rate, but I had to decline as I found it too unreasonable for my level of experience. I was then told that because my profile was a good fit they would check with the end client and let me know which they did and we both agreed to a certain rate. I was then scheduled for the 2 rounds of interviews which I cleared and was told that I have been offered the role.
The agency send me a detailed email with details about the rate, date of joining and documents (sensitive docs like passport, DL, UtilityBills, Bank Stmts etc) required to be send. I replied to the email confirming acceptance and emailed all the scanned documents. I then set up a Limited Company, appointed an Accountant and was all set to secure the contract which I was told will be send to me shortly. But since I didn't hear from them for a while I decided to contact them and asked about the progress. I was told that the end client couldn't pay the daily rate that was agreed and that I will have to renegotiate or let it go. All this after verbal and written(email) agreement. The rate I was told the client was willing to pay was ridiculous as it also included agent margin in it. I'm now in a dilemma as I'd been waiting for long for a contract opportunity and in the process had to turn down some permanent roles. I'd appreciate any help/advise that I can get on how to best deal with this situation as I've not been in one like this before. I've already got my company registered and other formalities with HMRC are ongoing. I don't really know where to go from here as my ship is wrecked , wondering is there any legal binding to a verbal/written agreement prior to signing contract ? Please help.
Thanks in advance
Regards
Charlie
I'm new to this forum and new to contracting but cant stress enough how much invaluable information I found here that helped me embark upon a contractor journey after long years of permanent role. I was looking for that first contract which I recently nearly managed to get, but fell through at the last minute. I was recently contacted by an agency for a 1 yr contract role. Initially they mentioned that they're only able to offer a certain daily rate, but I had to decline as I found it too unreasonable for my level of experience. I was then told that because my profile was a good fit they would check with the end client and let me know which they did and we both agreed to a certain rate. I was then scheduled for the 2 rounds of interviews which I cleared and was told that I have been offered the role.
The agency send me a detailed email with details about the rate, date of joining and documents (sensitive docs like passport, DL, UtilityBills, Bank Stmts etc) required to be send. I replied to the email confirming acceptance and emailed all the scanned documents. I then set up a Limited Company, appointed an Accountant and was all set to secure the contract which I was told will be send to me shortly. But since I didn't hear from them for a while I decided to contact them and asked about the progress. I was told that the end client couldn't pay the daily rate that was agreed and that I will have to renegotiate or let it go. All this after verbal and written(email) agreement. The rate I was told the client was willing to pay was ridiculous as it also included agent margin in it. I'm now in a dilemma as I'd been waiting for long for a contract opportunity and in the process had to turn down some permanent roles. I'd appreciate any help/advise that I can get on how to best deal with this situation as I've not been in one like this before. I've already got my company registered and other formalities with HMRC are ongoing. I don't really know where to go from here as my ship is wrecked , wondering is there any legal binding to a verbal/written agreement prior to signing contract ? Please help.
Thanks in advance
Regards
Charlie
Comment