Hi all,
Please go easy on me as this is my first post, my first contract, and my first foray into contracting...
My Limited company's contract with the client is expiring and they are keen to get me to work on a different project, I've been told informally that it would be a 1 month rolling contract due to the funding coming from another department. The initial contract which is just ending was for 5 months at a set rate.
My question is two fold (kind of), given that the offer of a new contract (they talk about it like an extension but I think it would be a new contract) is now severely shorter, is it unprofessional to consider requesting a higher rate (a rate increase) than before due to potentially having to look for a new contract in 1 month, as opposed to the 5 months I could budget for in my business previously.
Secondly, if it is acceptable to request a higher rate in these circumstances, what are the usual steps involved in negotiating this sort of thing?
I appreciate any help that people can offer, I'm not trying to be greedy with this post, but I have to ensure that I mitigate risk to the business as best possible.
Kind regards, and thanks in advance.
Peter
Please go easy on me as this is my first post, my first contract, and my first foray into contracting...
My Limited company's contract with the client is expiring and they are keen to get me to work on a different project, I've been told informally that it would be a 1 month rolling contract due to the funding coming from another department. The initial contract which is just ending was for 5 months at a set rate.
My question is two fold (kind of), given that the offer of a new contract (they talk about it like an extension but I think it would be a new contract) is now severely shorter, is it unprofessional to consider requesting a higher rate (a rate increase) than before due to potentially having to look for a new contract in 1 month, as opposed to the 5 months I could budget for in my business previously.
Secondly, if it is acceptable to request a higher rate in these circumstances, what are the usual steps involved in negotiating this sort of thing?
I appreciate any help that people can offer, I'm not trying to be greedy with this post, but I have to ensure that I mitigate risk to the business as best possible.
Kind regards, and thanks in advance.
Peter
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