Two months credit? Hope it's a big agency which isn't likely to go bump. I had an agency try that on.
"Well with the current financial climate, we need to go from 4 weeks to 8 weeks."
"So you're in financial hardship and want me to extend you more credit?"
"Ummm......"
Suffice to say they backed off. I would really push for 30 day payment terms at the most.
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Reply to: Hello & A question.
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Previously on "Hello & A question."
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Originally posted by AKP View PostI have been offered a contract with an organisation through an agency which is great, however, the agency has said that the start date is 6/6/11 but I will not get paid until August and then every month thereafter and so I was wondering if this is usual in contracting that you get your first pay 2 months after commencing work.
Do not accept this invoice monthly on 30 day terms nonsense, the agency are trying it on with the new boy. Think like a business. Tell them "MyLTD is not willing to extend your company 2 months worth of credit. I propose that we amend the payment terms to 2 weeks from the date of the invoice". (If you don't ask then you don't get)
If you have to settle on 30 days payment terms then be absolutely certain (eg, written into the contract or schedule) that you can invoice weekly. That way the most credit you are extending them is 5 weeks.
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Originally posted by AKP View PostHello everyone ,
I have been offered a contract with an organisation through an agency which is great, however, the agency has said that the start date is 6/6/11 but I will not get paid until August and then every month thereafter and so I was wondering if this is usual in contracting that you get your first pay 2 months after commencing work.
I look forward to your responses!
Used to be paid weekly which was always nice to see a steady flow.
Leave a comment:
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Originally posted by AKP View PostHello everyone ,
I have been offered a contract with an organisation through an agency which is great, however, the agency has said that the start date is 6/6/11 but I will not get paid until August and then every month thereafter and so I was wondering if this is usual in contracting that you get your first pay 2 months after commencing work.
I look forward to your responses!
Find out the exact payment terms from them.
Leave a comment:
-
Hello & A question.
Hello everyone ,
I have been offered a contract with an organisation through an agency which is great, however, the agency has said that the start date is 6/6/11 but I will not get paid until August and then every month thereafter and so I was wondering if this is usual in contracting that you get your first pay 2 months after commencing work.
I look forward to your responses!Tags: None
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