Greetings!
Apologies in advance: English is not my first language.
I am in a peculiar situation where an independent consultant has asked me to act as a prime contractor for him. I have an LTD and he just wants to start solo work after decades of being either an employee or a consultant doing implementations for a big name company. He has personal connections which can land him a job with a large client. However there is a certain requirement on the client side. If they want to get all corporate approvals for hiring an external company or individual to do something they need that external company to be a certified implementation service provider of the software company which provides them with the system on which the work will be carried out.
Here I come into the picture - I already have such status and I am paying an annual fee for the software license and I spent a few months getting the status sorted.
So in the end the situation would look like this: my company would be hired by the client and I would then hire the subcontractor to actually carry out the work. Consultant/subcontractor-to-be indicated already that he is happy with me taking some commission. He knows people at the software provider but doesn't seem to be interested in attempting to get the ISP status (it is a bit of a headache and there is the annual fee). I also contacted them and got a green light for this.
My questions to everyone here who hopefully understood what I wrote down and who have more insight/experience:
1) Is there anything that I'm not seeing here? Could I get myself into more trouble than I now see?
2) I know it's my commercial decision at the end of the day, but what would be your ideas on fair commission that could work well for both parties? The situation would be clearer if I was just doing simple admin or if I actually found the work for him.
If this works out well we might turn it into a mode of operation for the two of us and I'm happy to build a profile for him on my website and similar.
Many thanks to everyone!
Apologies in advance: English is not my first language.
I am in a peculiar situation where an independent consultant has asked me to act as a prime contractor for him. I have an LTD and he just wants to start solo work after decades of being either an employee or a consultant doing implementations for a big name company. He has personal connections which can land him a job with a large client. However there is a certain requirement on the client side. If they want to get all corporate approvals for hiring an external company or individual to do something they need that external company to be a certified implementation service provider of the software company which provides them with the system on which the work will be carried out.
Here I come into the picture - I already have such status and I am paying an annual fee for the software license and I spent a few months getting the status sorted.
So in the end the situation would look like this: my company would be hired by the client and I would then hire the subcontractor to actually carry out the work. Consultant/subcontractor-to-be indicated already that he is happy with me taking some commission. He knows people at the software provider but doesn't seem to be interested in attempting to get the ISP status (it is a bit of a headache and there is the annual fee). I also contacted them and got a green light for this.
My questions to everyone here who hopefully understood what I wrote down and who have more insight/experience:
1) Is there anything that I'm not seeing here? Could I get myself into more trouble than I now see?
2) I know it's my commercial decision at the end of the day, but what would be your ideas on fair commission that could work well for both parties? The situation would be clearer if I was just doing simple admin or if I actually found the work for him.
If this works out well we might turn it into a mode of operation for the two of us and I'm happy to build a profile for him on my website and similar.
Many thanks to everyone!
Comment