Originally posted by TheFaQQer
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3 yrs ago i almost secured a nice gig at a major bank - Canary Wharf. Day rate was clearly advertised upfront. Interview went well and had a feeling I'd be offered. I was, but pimp said "Erm, the client has asked me to convey to you that since the interview they've got their budgets mixed up, and have to drop your rate by £65 per day". Those were the exact words. I said "What? A bank? Getting its budgets mixed up? I seriously doubt that". It took me 2 days to get hold of the client, by which time the pimp had re-offered to another contractor - he knew I wasn't going to move on rate.
Client was apologetic, said she'd have HR speak to the pimp, sorry to inconvenience me etc etc. I just took the opportunity to tell her no problem, the market is bullish for my skills, and my existing client has just extended me (which was true), let's speak again etc etc.
Re. some of the other posts on here:
- agencies don't operate blacklists; they're too mercenary not to look at you again.
- to hold or not to hold rate: I agree you need to consider market conditions, time on bench, attitude to risk etc etc. But as I've said before, if you drop rate too much, you create/reinforce bad behaviours at the pimp/client. It would be too idealistic to say that if enough contractors took a stand, the pimps would get the message. Reality is that bob contractors will occasionally undercut you. You just have to accept it, recognise that you're behaving like a business, and move on. In the long run, clients will remember quality and re-approach the best contractors.

and
I was silent while she rambled on with her spiel...and then I told I would do some calculations and call her back. 
£10pd x 22 working days = £220. Over a 6 mth contract, that's £1320.
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