Reply to: Need advice from fellow contractors on agency fees.

[malvolio]

Actually it is just a tad over 16% - Very poor performances from you guys.

We are talking mark up - of the day rate offered

Only true if you found the business and engaged the agency. If you did, then it's up to you to negotiate a mark up rather less than 16%; in fact rather less than 6% would be closer to reality.

If you didn't, it's the agency's money and you get some of it; 85.7% to be precise (I hope...). As long as you think the agency is pocketing your money, rather than you pocketing theirs, you will always be upset.

[Contreras]

Actually it is just a tad over 16% - Very poor performances from you guys.

We are talking mark up - of the day rate offered

If you had said "mark up" originally then we wouldn't be where we are now.

The HTH's are just pent up sarcasm waiting to be released once the elections are done with.

Hint: Google margin vs. mark up.

HTH.

[TheFaQQer]

SO their margin is 15%

We are talking mark up - of the day rate offered

At least you know what you meant.

[RoastedSlopes]

Humph...

Actually it is just a tad over 16% - Very poor performances from you guys.

We are talking mark up - of the day rate offered

[RoastedSlopes]

If it was down to IPSE they would of kindly negotiated with the agencies on our behalf minimum wage deals..

[malvolio]

14.3%

HTH

Humph...

[TheFaQQer]

Actually it's 14% (14,2% to be precise).

HTH...

14.3%

HTH

[malvolio]

Was dealing with an Agency monkey earlier this week who quoted me £525 a day, then stated in another call that that rate was the agencies rate so after their margin it is 450 a day. SO their margin is 15%

needless to say we ended our discussions

Actually it's 14% (14,2% to be precise).

HTH...

[northernladuk]

Moan about everything

FTFY..

[GillsMan]

My contract with a well-known oil company was quite funny. Apparently the agency didn't go through the right channels to land me or something and ended up being forced to accept the client paying them only 2% for my services.

[Ticktock]

Moan when you find out its 40% :-)

Not even then, if I'm still getting the top of / above market rates. Sure, the client would be getting ripped off in that case, but not by me.

[psychocandy]

I'm happy with my rate, although I have since discovered that the agent is making well over 20%. I know I command more than many others in my field already, but I guess this goes to show that I can still potentially up my rates further.

But, again, I'm happy with the rate I took - I'll just be pleased to take a higher rate if I can.

Moan when you find out its 40% :-)

[RoastedSlopes]

Why? 15% isn't insane and knowing this you are in a perfect position to negotiate.

Also got to do the maths. Another couple of weeks in the bench hoping for a higher rate doesn't always work out as you planned.

I don't like it when Agencies use this tactic to draw punters in knowing full well this was a deliberate 'mistake'

I also accepted a renewal so was just keeping my options open.

Granted if I was on the bench then I may have a slightly different thought, but I don't like agencies who deceive

[Ticktock]

Be happy with 15% after what I've found out in previous gigs....

I'm happy with my rate, although I have since discovered that the agent is making well over 20%. I know I command more than many others in my field already, but I guess this goes to show that I can still potentially up my rates further.

But, again, I'm happy with the rate I took - I'll just be pleased to take a higher rate if I can.

[psychocandy]

Why? 15% isn't insane and knowing this you are in a perfect position to negotiate.

Also got to do the maths. Another couple of weeks in the bench hoping for a higher rate doesn't always work out as you planned.

Be happy with 15% after what I've found out in previous gigs....