It sounds like the client simply want to reduce the rate paid.
If they want to do this, they are effectively saying "We are terminating your contract. Would you like a new one on a reduced rate?"
This is relatively common mechanism when a client wants to cut a rate.
If they want to do this, they are effectively saying "We are terminating your contract. Would you like a new one on a reduced rate?"
This is relatively common mechanism when a client wants to cut a rate.
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