Agency changing from weekly to monthly payments - HELP!

[wingdings]

Hi

A related question, my agency are refusing to put any payment schedule details into the contract, they do offer a weekly run but won't put any details about it in the contract.

Is this unusual? At the moment I'm not signing until payment details are added.

Thanks

[TheFaQQer]

Run away, run away!

WHS - run like the wind.

Agency is going bust - why else would they need to break the contract in this way? Contractor can terminate immediately as it's a breach of warranty in the contract.

Start chasing for late payment, and limit the credit. Talk to the client about any concerns you may have.

[RichardCranium]

I know someone in this situation ..

Agency has tried to switch to monthly payment without notice.

The agency and management team behind it have been through insolvency/liquidation before.

Run away, run away!

[lexington_spurs]

I know someone in this situation ..

Agency has tried to switch to monthly payment without notice.

A face to face meeting with the "CEO" of the agency has led to a compromise agreement .. whereby a transition period was agreed, during which invoices would still be raised and paid bi-weekly. This was confirmed later by email.

Agency has not met the first deadline during this transition period - should the LTD companies involved insist on setting a credit limit to restrict their exposure?

Any precedents/war stories? The agency and management team behind it have been through insolvency/liquidation before. Ideally the LTD companies would want to provide services through a different member of the end client PSL, but this may be difficult to achieve due to the restrictions in the current contract.

[TheFaQQer]

The question I am interested in is how many people are just voicing their annoyance to change and would be easier for them just to put up with it and who really cannot accept these terms and are willing to go down this route?

Will this strategy not back fire on some people, they say fair enough and let you walk? Must be good opportunity for agents to strip some dead wood and fill with cheaper/better people? Risky strategy or does it neve fail?

There are two different points of change being discussed in different threads - either (a) agency is try to change mid-contract or (b) I want weekly, agency wants monthly, but I haven't started yet (which is how I read Mephisto's post in this thread).

(a) - if the agency is trying to change payment terms mid-contract (and is forcing it through), then WORRY. The agency can't pay it's bills. I would refuse, flag it to someone at the client, and start looking. I would not be extending my exposure any further.

If the agency can manage the client well enough to run the risk of losing contractors and replacing them easily, then they might well pursue this strategy. But it's a risky one for the agency to take.

(b) - depends on their credit rating. I'm not that fussed, to be honest, as long as I think that I will get paid.

[northernladuk]

but you could walk away if the payment terms are not what you want.

The question I am interested in is how many people are just voicing their annoyance to change and would be easier for them just to put up with it and who really cannot accept these terms and are willing to go down this route?

Will this strategy not back fire on some people, they say fair enough and let you walk? Must be good opportunity for agents to strip some dead wood and fill with cheaper/better people? Risky strategy or does it neve fail?

[TheFaQQer]

I've heard tell that even if an Agency try to impose monthly on you, that you can stil insist on weekly. Is this true? nalE currently won't budge on this even though I KNOW they have a weekly payroll!!

Also, FWIW, an agency will ALWAYS try to pay you on the longest possible terms. That's the nature of managing your cashflow.

Clients want to pay on the longest terms. Suppliers want to get paid on the shortest terms. The key to a successful business is managing this.

[TheFaQQer]

I've heard tell that even if an Agency try to impose monthly on you, that you can stil insist on weekly. Is this true? nalE currently won't budge on this even though I KNOW they have a weekly payroll!!

You have a contract with the agency. That contract will detail what the payment terms are. Negotiate with the agency before you sign the contract - you can't insist on payment terms, but you could walk away if the payment terms are not what you want.

It's a contract negotiation, so negotiate.

[Jeebo72]

I've heard tell that even if an Agency try to impose monthly on you, that you can stil insist on weekly. Is this true? nalE currently won't budge on this even though I KNOW they have a weekly payroll!!

Of course you can. One agent tried this with me, said it was now pollicy yadda yadda, and I said I'd leave. The following week when they didn't budge, I handed in my notice to them and informed the client. 2 hours later, sorted.

[Mephisto]

I've heard tell that even if an Agency try to impose monthly on you, that you can stil insist on weekly. Is this true? nalE currently won't budge on this even though I KNOW they have a weekly payroll!!

[TheFaQQer]

Don't the know context but it made me laugh..

Should have put the link in.

[cojak]

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Don't the know context but it made me laugh..

[TheFaQQer]

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