Client accidentally told me rate they pay - weird conversation.

[psychocandy]

I was always told that by agents on the phone or in an email; I'm not sure it was ever in the contract.

Everybody would be a lot less suspicious of agents if they were just honest and up front with everyone of their fees. Nearly all businesses advertise their prices; why not agents?

Always said that - if agents were up front about margins it would be better. I worked client once where the agents underhand dealings nearly meant the agency got the boot along with assocaited contractors.

[MarillionFan]

They found you the contract. They pay you before they get paid. They have the risk that they will not get paid. Some organizations believe that having an agency stops them being liable for having their contractors claim they are employees.

Have I just agreed with DA?

Banks always insist agencies take a set margin.

WHS

Some of the contractors on here are so righteous and so ******* naïve it beggers belief. Factoring is one of the biggest costs there is.
If an agency takes the risk, it could be ages before they are paid. My company has pushed companies out to two months after invoice, and that's on an invoice after a month (so effectively three). The contractors with the agency I used bitched because a couple of days after they got invoice they hadn't been paid by the agent.

One threatened to not come in. I told him not to waste my time as the hiring manager and if he says it again he'll be gone by the end of the day.

[eek]

WHS

Some of the contractors on here are so righteous and so ******* naïve it beggers belief. Factoring is one of the biggest costs there is.
If an agency takes the risk, it could be ages before they are paid. My company has pushed companies out to two months after invoice, and that's on an invoice after a month (so effectively three). The contractors with the agency I used bitched because a couple of days after they got invoice they hadn't been paid by the agent.

One threatened to not come in. I told him not to waste my time as the hiring manager and if he says it again he'll be gone by the end of the day.

+1... Agencies remove risk and having seen companies go belly up I'll gladly let them take the risk...

[BrilloPad]

+1... Agencies remove risk and having seen companies go belly up I'll gladly let them take the risk...

You worry too much! Work for a bank! Its all fine. As I was saying to my friend who worked at Lehmans....

[MarillionFan]

+1... Agencies remove risk and having seen companies go belly up I'll gladly let them take the risk...

It's an interesting model. Especially a Contractor Plan B. As most agencies factor (I bet DA does), those who have actually built up their own cash reserves and have a mature model must be raking it in. I wonder what the tax benefits could be.

[eek]

You worry too much! Work for a bank! Its all fine. As I was saying to my friend who worked at Lehmans....

I watched boo.com start the dotcom crash....

[MarillionFan]

I watched boo.com start the dotcom crash....

That's on Suity's resume.

[SlipTheJab]

That's on Suity's resume.

I thought that was boohoo.com

[BrilloPad]

I watched boo.com start the dotcom crash....

I worked for CRedit Lyonnaise Netherlands who bought a $1m USD VAX computer with financing from Atlantic computers. When they got the invoice, instead of passing it onto them, they paid Atlantic Computers $1m. Next day they went bust!

[psychocandy]

WHS

Some of the contractors on here are so righteous and so ******* naïve it beggers belief. Factoring is one of the biggest costs there is.
If an agency takes the risk, it could be ages before they are paid. My company has pushed companies out to two months after invoice, and that's on an invoice after a month (so effectively three). The contractors with the agency I used bitched because a couple of days after they got invoice they hadn't been paid by the agent.

One threatened to not come in. I told him not to waste my time as the hiring manager and if he says it again he'll be gone by the end of the day.

If client said that to me they wouldn't have to wait for me to say it again....