Interesting Concept

[lexington_spurs]

I used to work in a theme park where at the end of the season, you got paid a bonus equivalent to 30p for every hour you'd worked (bringing my salary up to a princely £1.98 an hour!).

What was the theme? Gitmo?

[TheFaQQer]

Wouldn't it be better to call it a end of project completion bonus. Implying a risk factor if the project failed and extra proof of ir35 status.

Yes - it's much better if the bonus is paid as a reward for completing the project / delivering what you are required to do, rather than just for turning up until the end of the contract.

One thing to be careful about is what happens if they terminate the contract early for whatever reason. I used to work in a theme park where at the end of the season, you got paid a bonus equivalent to 30p for every hour you'd worked (bringing my salary up to a princely £1.98 an hour!). Towards the end of the season, it was incredibly common for management to go looking for people to fire, so that they didn't have to pay the bonus.

[Lockhouse]

I was contracting at an investment way back in 96-97 where they gave a bonus (10-15% ISTR) every 3 months if you met all your deliverables. This was in addition to reasonable rates. Never came across it again.

[cykophysh39]

Fair enough.

[Flubster]

Is there no clause in your existing contract with your pimp that prohibits you from entering into contract discussions with your client?

Nope. This isn't a contract negotiation. Contract remains as is so no need to get agent involved...

[cykophysh39]

This discussion purely between myself and end-client. Agent kept out (for obvious 'margin' reasons). At the least, it should keep me in beer tokens between December and the next contract...

Is there no clause in your existing contract with your pimp that prohibits you from entering into contract discussions with your client?

[mictech]

Wouldn't it be better to call it a end of project completion bonus. Implying a risk factor if the project failed and extra proof of ir35 status.

[MarillionFan]

They're putting a new 12 month contract with tie in vs permanent role/salary deal together this afternoon.

Loyalty bonus for a contractor. LOVE IT!!!

[Flubster]

Hey thats good. Well done.

In fact......You've just given me a bloody good idea!

I'll take my usual cut MF...

[MarillionFan]

Hey thats good. Well done.

In fact......You've just given me a bloody good idea!

[Flubster]

It was around before the bubble in 2000. Clients / pimps used to keep x back and pay a bonus at the end of project / contract. It was to stop everyone jumping ship when the rates took a hike.

Looks like the good times are back, enjoy!

This discussion purely between myself and end-client. Agent kept out (for obvious 'margin' reasons). At the least, it should keep me in beer tokens between December and the next contract...

[Swiss Tony]

It was around before the bubble in 2000. Clients / pimps used to keep x back and pay a bonus at the end of project / contract. It was to stop everyone jumping ship when the rates took a hike.

Looks like the good times are back, enjoy!

[ratewhore]

fair play to you - well done...

[Flubster]

In conversation with my client about renewing. They have offered a loyalty bonus payable on me seeing out the full term of the renewal. This is on top of a small increase on my daily rate. Anyone had this before? It's a new one on me...