Hi All,
I'm a front end development contractor, current contract is due for renewal soon - I'm under contract with a company that effectively hire me out to their client. Coincidentally, the contract between the client and the company I have a contract with is also due for renewal at the same time.
On recent calls they've mentioned that the client will be putting their rates under pressure - clearly 'prepping' us for them to reduce our rates.
The rate I'm currently paid is a little below market rate, but I've enjoyed working for the company so that hasn't been a problem. However, they are certainly considered expensive by their clients - they make a huge markup on our day rates (something I'm comfortable with, not complaining - they've built a brand and have provided me with projects that I wouldn't have been able to get myself directly).
A few questions:
Is anyone else seeing their day rates come under pressure?
Should I be willing to accept a day rate reduction in the current climate? My concern is that they're taking advantage of the instability and obviously being taken advantage of isn't a good road to go down.
Any general thoughts on the current market/outlook?
I'm a front end development contractor, current contract is due for renewal soon - I'm under contract with a company that effectively hire me out to their client. Coincidentally, the contract between the client and the company I have a contract with is also due for renewal at the same time.
On recent calls they've mentioned that the client will be putting their rates under pressure - clearly 'prepping' us for them to reduce our rates.
The rate I'm currently paid is a little below market rate, but I've enjoyed working for the company so that hasn't been a problem. However, they are certainly considered expensive by their clients - they make a huge markup on our day rates (something I'm comfortable with, not complaining - they've built a brand and have provided me with projects that I wouldn't have been able to get myself directly).
A few questions:
Is anyone else seeing their day rates come under pressure?
Should I be willing to accept a day rate reduction in the current climate? My concern is that they're taking advantage of the instability and obviously being taken advantage of isn't a good road to go down.
Any general thoughts on the current market/outlook?
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