Reply to: Reed contracts

[TheFaQQer]

Yeah this is them, contract looks ok being reviewed but then there is an additional page that says 'if you earn over £111 a day you will be subject to 10% cut at 6 months'

If you fancy the role, then you could just take it and not extend.

Or when the time comes, negotiate for an increase / no decrease.

If you've nothing else in the pipeline, then take it and don't worry until nearer the time. Still seems a crappy idea to actually put this in writing up front, though.

[Bumfluff]

Anyone who wants a job with Lloyds will have to sign up for it. Simple as that.

Yeah this is them, contract looks ok being reviewed but then there is an additional page that says 'if you earn over £111 a day you will be subject to 10% cut at 6 months'

[TestMangler]

Can't believe any contractor would be dumb enough to sign up to a term like that...

Unless the client was paying a good 10%+ above a decent rate in the first place.

Anyone who wants a job with Lloyds will have to sign up for it. Simple as that.

[northernladuk]

If it is Reed and they are talking about 10% cuts can I take a stab at this one being a bank?

[Bumfluff]

And keep looking for something else - this sounds a pretty crappy deal to me.

Yeah going to keep looking, but current client can only offer 3 months renewal and there have been rates cut here already that I've missed but don't think I can dodge them much longer, so may be at this stage 6 months is better.

It's not the agent as I'm dealing direct with the end client I know the manager so will ask if they can factor in the rate cut so rather than £550 pay me £600 he might go with that.

[malvolio]

You may find that it's not the client doing it.

Call their bluff. Ask for a fixed 12 month rate of £522.50...

[TheFaQQer]

And keep looking for something else - this sounds a pretty crappy deal to me.

[TheFaQQer]

Can't believe any contractor would be dumb enough to sign up to a term like that...

Unless the client was paying a good 10%+ above a decent rate in the first place.

WHS. By all means, when the contract comes up for renewal then all parties can negotiate, but it's not something to agree up front.

Include a new clause in the contract which says that if the total contract time is over 7 months, a rate rise of 15% will be incurred. When they complain, offer to remove it once they remove their equally ludicrous clause.

[nomadd]

Sorry, what I meant was, that any new contractor they take on will have a term in their contract that states if you are renewed after the initial 6 months the rate on renewal will include a 10% cut, so £550 first 6 months then renew and it will be £495.

Can't believe any contractor would be dumb enough to sign up to a term like that...

Unless the client was paying a good 10%+ above a decent rate in the first place.

[northernladuk]

and you are going to accept that ?
Can't you just strike it out ?

Yeah right, the chances of that are?????

[FiveTimes]

Thanks waiting for contract now though they did pre-warn me about 1 term and thats an enforced 10% rate cut after 6 months bummer

and you are going to accept that ?
Can't you just strike it out ?

[Bumfluff]

What?

Sorry, what I meant was, that any new contractor they take on will have a term in their contract that states if you are renewed after the initial 6 months the rate on renewal will include a 10% cut, so £550 first 6 months then renew and it will be £495.

[malvolio]

Thanks waiting for contract now though they did pre-warn me about 1 term and thats an enforced 10% rate cut after 6 months bummer

What?

[LisaContractorUmbrella]

What's in the contract is, to a degree, irrelevant; if your working practises put you inside it won't really matter what's written on the contract if you should be unlucky enough to be investigated

[Bumfluff]

Agreed. Reed is also a big agency with different offices. You cannot assume they are all using the same contract let alone the same version.

Assume nothing and get it checked. IR35 is our issue not the agents so they won't be bending over backwards to make sure we are happy.

Thanks waiting for contract now though they did pre-warn me about 1 term and thats an enforced 10% rate cut after 6 months bummer