Originally posted by DimPrawn
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Reply to: Rate increase
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Previously on "Rate increase"
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Originally posted by Mordac View PostBy the looks of things, it won't be the won't be the client he'll be negotiating with, it will be the agency. And they'll tell him which pier he can jump off.
So, totally up to ukitcontractor as to whether he wants to complicate his day.
For my part, wait until renewal time.
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Originally posted by MattZani View PostWhen you signed the contract I assume you were happy about the day rate you were receiving (otherwise you wouldn't have signed it) regardless of what the agency's cut came out to be.
So, you were happy, the client was happy, the agency was happy. Why do you want to be so greedy?
Just do your work for the agreed rate and shut up. The agency can find your replacement in zero time.
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Originally posted by ukitcontractor01 View PostHi,
After joining the contract,can I request for rate increase as the agency is taking 40% margin?
Thank you.
So, you were happy, the client was happy, the agency was happy. Why do you want to be so greedy?
Just do your work for the agreed rate and shut up. The agency can find your replacement in zero time.
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You can't do it mid contract, well you can try but you won't get anywhere, you have to wait for renewal. You need to know your market rate, just because the agency is taking 40% on this contract doesn't necessarily mean you can get 50% more elsewhere, but definitely worth a try.
It is better to look for something completely different if you undersold yourself, because a big increase in your rate will be hard to get.
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As with many things contracting, it helps to "tell, not ask", but only when you have a strong hand.
Finding out what the agent's on shouldn't be the point at which you decide you want more, though. That's their business. You won yours partially on what you decided to work for per day.
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Originally posted by Mordac View PostBy the looks of things, it won't be the won't be the client he'll be negotiating with, it will be the agency. And they'll tell him which pier he can jump off.
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Originally posted by cojak View PostYes, of course you can.
Whether you should is a another matter, because the client can say no or just bin you.
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Originally posted by ukitcontractor01 View PostHi,
After joining the contract,can I request for rate increase as the agency is taking 40% margin?
Thank you.
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At renewal time, if the client is keen for you to renew, you can put pressure on the agency to lower their margins to something more reasonable. That way the client gets the contractor they want, you get the rate increase you want, and the agency gets continued revenue that they want.
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