Originally posted by chris79
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Reply to: Late payment - result!
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Previously on "Late payment - result!"
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Originally posted by BolshieBastard View PostIm not disagreeing with that. Im merely pointing out that should a number of contractors be as successful as you, we shouldnt be surprised if we start hearing of agencies taking legal action to recover their 'losses' for when a contractor has indicated they'll accept a contract then change their minds.
Its the way of the world.
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Originally posted by chris79 View PostContract said 0 days notice within the first week. If it's good for them, it's good for us too. I actually suggested to them if they didn't like the terms of their own contract they should reconsider them for future.
Im not disagreeing with that. Im merely pointing out that should a number of contractors be as successful as you, we shouldnt be surprised if we start hearing of agencies taking legal action to recover their 'losses' for when a contractor has indicated they'll accept a contract then change their minds.
Its the way of the world.
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Originally posted by chris79 View Post...
Thanks to whoever suggested this website!
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Originally posted by BolshieBastard View PostAye well done.
But before we all go ape over this just remember that agents may also start demanding damages from contractors who accept roles then give back word.
Just a thought!
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Originally posted by chris79 View PostBack in December I started a gig which I left after 1 day because the role was grossly mis-sold to me (some might remember the discussion I made on this).
Anyway I invoiced and heard nothing back. Chased it and was told because I hadn't returned a signed copy of the contract to them before I started they would not pay (irrelevant).
Anyway, followed some guidelines on www.payontime.co.uk and got a result today with them paying up after I threatened debt recovery charges and court action.
Thanks to whoever suggested this website!
But before we all go ape over this just remember that agents may also start demanding damages from contractors who accept roles then give back word.
Just a thought!
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Originally posted by NickNick View PostResult!
I've this clause in my new contract that fills me with some level of warmth that the agency should at least pay on time. Well, at least that they are prepared to pay invoice + a very very small amount if they are late.
;O)
The Contractor shall be entitled to charge interest at the rate of 2% per annum above the base lending rate for the time being of Barclays Bank plc on any sums due but not paid, from the date payment became due until the actual date of payment. The parties agree that this represents a substantial remedy in the context of the Late Payment of Commercial Debts (Interest) Act 1998.
It seems to me they are trying to fob you off by saying 2% fulfills their obligations under the late payment act, when it doesn't. The late payment act stipulates a standardised base rate (not BoE or Barclays!) + 8%!!
Check out www.payontime.co.uk for more info
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Result!
I've this clause in my new contract that fills me with some level of warmth that the agency should at least pay on time. Well, at least that they are prepared to pay invoice + a very very small amount if they are late.
;O)
The Contractor shall be entitled to charge interest at the rate of 2% per annum above the base lending rate for the time being of Barclays Bank plc on any sums due but not paid, from the date payment became due until the actual date of payment. The parties agree that this represents a substantial remedy in the context of the Late Payment of Commercial Debts (Interest) Act 1998.
Leave a comment:
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Late payment - result!
Back in December I started a gig which I left after 1 day because the role was grossly mis-sold to me (some might remember the discussion I made on this).
Anyway I invoiced and heard nothing back. Chased it and was told because I hadn't returned a signed copy of the contract to them before I started they would not pay (irrelevant).
Anyway, followed some guidelines on www.payontime.co.uk and got a result today with them paying up after I threatened debt recovery charges and court action.
Thanks to whoever suggested this website!Tags: None
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