Say you worked for a City bank with an incumbent resource provider called Hates IT.
The bank lose shed loads on dodgy loans and to try and lessen their huge losses by telling Hates IT to send all their contractors an email stating unfortunately you all have to take a 10% rate cut - take it or leave it. Nice touch !
4 weeks later a new contract turns up for all those who haven't got round to telling them to stick it. For one fortunate contractor,the over worked HR admin person, takes 10% of his rate and then adds a £100 i.e. £500/day - 10% =£450, the contract is written and signed by hate IT for £550/day.
Contractor countersigns it and hand delivers it to Hates IT.
So now the contractor has a new contractor with a £50/day rise.
If such an event happened, have Hates IT got a leg to stand on, or can contractor insist on rate on contract (purely hypothetical question - HR departments are far to good to ever make such a mistake)
The bank lose shed loads on dodgy loans and to try and lessen their huge losses by telling Hates IT to send all their contractors an email stating unfortunately you all have to take a 10% rate cut - take it or leave it. Nice touch !
4 weeks later a new contract turns up for all those who haven't got round to telling them to stick it. For one fortunate contractor,the over worked HR admin person, takes 10% of his rate and then adds a £100 i.e. £500/day - 10% =£450, the contract is written and signed by hate IT for £550/day.
Contractor countersigns it and hand delivers it to Hates IT.
So now the contractor has a new contractor with a £50/day rise.
If such an event happened, have Hates IT got a leg to stand on, or can contractor insist on rate on contract (purely hypothetical question - HR departments are far to good to ever make such a mistake)
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