Economic Crisis & Rate Reduction

[GhostofTarbera]

I am quoting myself. I have still to negotiate the changes. I was thinking of telling them to keep the rate and work around 3'5 days a week, better than lowering the rate and working 5 days. But after reading the following (and not understanding half of it) I am not sure:

IR35 alert over Lloyds-style offers for 'non-essential' contractors to accept less work

any opinion?

Looks like you are getting a rate cut and a day cut if working for Lloydes then


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[northernladuk]

Funnily enough got a call from my consultancy this morning starting with the spiel about the situation, clients cutting back etc. Cut the lady off and said I'm assuming you are heading towards a discussion about rates so give it me straight. Client wants a discount on the contract (managed service not just day rates), consultancy can't suffer it all and can I be flexible?
Asked for some numbers and it turns out the periods contract (6 months) needs to be 5% less. They offer swallowing 2.5% and will I take the 2.5% hit? If we don't submit at a discount the whole thing has to go out to tender. Snapped her hand off. I've been a bit nervous about the extension and a few of the team have been canned in the 3 months we've been here so (IMO) an absolute bargain for the extension.
It's a remote gig so advised I'll just be onsite a day or two less a week and they are happy with that. I'll end up with more in my pocket oddly enough.

Appears it was just a service improvement type cut rather than problems with Covid so was able to breath a sigh of relief. Result in my book.

[jmo21]

Appears it was just a service improvement type cut rather than problems with Covid so was able to breath a sigh of relief. Result in my book.

So they say, could be either taking advantage.

Bird in the hand and all that though.

[northernladuk]

So they say, could be either taking advantage.

Bird in the hand and all that though.

They could indeed. It's public sector so I am well aware they do push their suppliers for year on year reductions so quite within the realms of possibility. Going out to tender is also a regular thing in PS as well so can believe that if nothing else. Either way I will find out at some point and there is a close relationship with the team and the consultancy.

Even if, in the worst case, they've pulled my pants down then for 2.5% reduction for knowing I've got more work on the horizon then I'll undo my belt for them TBH. If I work one day less away from home a week I'm actually 20 quid up a week on what I get now so pretty content with the situation.

[krytonsheep]

Dropped my rate by a 1/3 to help secure a new contract with existing client. Probably earning as much as your average landscape gardener, but I figured it's better to be sat at home getting paid, as opposed to being sat at home and not getting paid

[GhostofTarbera]

Economic Crisis & Rate Reduction

Funnily enough got a call from my consultancy this morning starting with the spiel about the situation, clients cutting back etc. Cut the lady off and said I'm assuming you are heading towards a discussion about rates so give it me straight. Client wants a discount on the contract (managed service not just day rates), consultancy can't suffer it all and can I be flexible?
Asked for some numbers and it turns out the periods contract (6 months) needs to be 5% less. They offer swallowing 2.5% and will I take the 2.5% hit? If we don't submit at a discount the whole thing has to go out to tender. Snapped her hand off. I've been a bit nervous about the extension and a few of the team have been canned in the 3 months we've been here so (IMO) an absolute bargain for the extension.
It's a remote gig so advised I'll just be onsite a day or two less a week and they are happy with that. I'll end up with more in my pocket oddly enough.

Appears it was just a service improvement type cut rather than problems with Covid so was able to breath a sigh of relief. Result in my book.

I would have bit her hand off and offered my 1st born child for that deal

Nice one sir


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