I've just discovered , on an INSIDE IR35 contract, that my client is paying substantially more per day than the agent is letting on.
A fellow contractor showed me his rate , and he's clearing 12.5% more per day than I am.
The client has told me, up front that I am costing them considerably more than him.
End Client wants me to stay on for 6 months for another large project - I took the gig on to "help" , but can easily go back to market for double the rate for a waiting client.
Problem that I have is , I like the client and get a buzz out of the work I'm doing. But, it's hard enough being voluntarily on 50% less per day than I would be OUTSIDE IR35 and have the micky took out of me.
How have others dealt with this?
I'm tempted to either
1. Tell the agent I'll drop them unless they give me transparency on their cut and stick to 10% max.
2. Tell the client to not panic, and push back on any requests to increase my daily rate - and also go to the agent and demand an increase.
This isn't general, so to help you all, I've already told myself to grow a pair, grow up, and make my own decisions
Seriously thou, advice is welcome from anyone with experience of this.
A fellow contractor showed me his rate , and he's clearing 12.5% more per day than I am.
The client has told me, up front that I am costing them considerably more than him.
End Client wants me to stay on for 6 months for another large project - I took the gig on to "help" , but can easily go back to market for double the rate for a waiting client.
Problem that I have is , I like the client and get a buzz out of the work I'm doing. But, it's hard enough being voluntarily on 50% less per day than I would be OUTSIDE IR35 and have the micky took out of me.
How have others dealt with this?
I'm tempted to either
1. Tell the agent I'll drop them unless they give me transparency on their cut and stick to 10% max.
2. Tell the client to not panic, and push back on any requests to increase my daily rate - and also go to the agent and demand an increase.
This isn't general, so to help you all, I've already told myself to grow a pair, grow up, and make my own decisions
Seriously thou, advice is welcome from anyone with experience of this.
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