• Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
  • Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!

Offered a contract but need advice on rate differences....

Collapse
X
  •  
  • Filter
  • Time
  • Show
Clear All
new posts

    #11
    I must have got lucky with my agent then

    Got an interview at an agreed rate. Called by agent the next day to say I got the gig, oh and by the way the rate has gone up £30 a day

    Comment


      #12
      That probably means the agency was a preferred supplier on a fixed margin.

      Comment


        #13
        Originally posted by Fred Bloggs View Post
        I suspect your end client has exposed a scam by the agency. I think this is more common than you think. On more than one occaision I have seen some shady moves by agencies. I suspect that the agency is telling the client you're getting x+30 a day but really only paying you x. That way he gets his margin AND an extra 30 a day from placing you. The other scenario I've seen is when the agency insists that the client at the very last minute has dropped the rate by 2 an hour. I have always refused the cut and a cut has never been imposed.
        Thats why I love being a PM.

        I get the invoices from the agency so I know what they are charging for me. I had one pimp bare arsed lie to me about what he was charging for me, even though I was looking at his invoice. I wasn't fussed as I was happy with my rate but I just didn't want him to lie to me. The best he would do was blame a processing error untill I told him that the invoice would remain unpaid then till I had a x+10% invoice the rate that we had agreed.

        I love playing with agents - finally happy that I have a few direct clients so I don't have to deal with them too much.

        Comment


          #14
          Originally posted by Moptop View Post
          That probably means the agency was a preferred supplier on a fixed margin.

          But they could have kept the extra £30 for themselves, but didn't

          Comment


            #15
            Originally posted by MikeC1408 View Post
            But they could have kept the extra £30 for themselves, but didn't
            You don't quite get this fixed margin business do you?

            Comment


              #16
              doesn't that mean that the £30 is the agent's cut? e.g. the client's paying £930/day, you're getting £900/day, everybody's happy?

              Comment


                #17
                On a PSL the agent will be taking a fixed percentage of the money the client pays them (And the client will usually check that this is happening as well).

                So if the agent is taking 10% and the client ups the rate they pay the agent from £300 to £400 your rate will automatically raise from £270 to £360. Wonderful isn't it

                Comment


                  #18
                  Originally posted by Ardesco View Post
                  On a PSL the agent will be taking a fixed percentage of the money the client pays them (And the client will usually check that this is happening as well).

                  So if the agent is taking 10% and the client ups the rate they pay the agent from £300 to £400 your rate will automatically raise from £270 to £360. Wonderful isn't it
                  So how would they check, they've never asked me what I'm getting.

                  Then again, I try not to worry about the agents cut. If I'm happy with my rate then that's all that matters to me.

                  Comment

                  Working...
                  X