"The Agency can't afford it"...????
I suppose if they have 5000 active contractors on their books at £50 a head to process the review to them, they would have to find £250k to cover the costs. Sounds reasonable.
But don't those 5000 contractors generate around £150k in income for the agency (assuming 10% margin at £300 a day). so yes, £100 k has to come from somewhere.
Hang on though - that's £150k a day they are making, probably with a 10% profit margin after paying their own bills. Call it £10k a day.
So you are paying for an insurance that protects them and their client on the basis they can't afford it.
What could possibly go wrong...
I suppose if they have 5000 active contractors on their books at £50 a head to process the review to them, they would have to find £250k to cover the costs. Sounds reasonable.
But don't those 5000 contractors generate around £150k in income for the agency (assuming 10% margin at £300 a day). so yes, £100 k has to come from somewhere.
Hang on though - that's £150k a day they are making, probably with a 10% profit margin after paying their own bills. Call it £10k a day.
So you are paying for an insurance that protects them and their client on the basis they can't afford it.
What could possibly go wrong...
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