Reply to: Lloyds - happy 2 week holiday everyone

[jjdarg]

INKSPE

LOL

Yep it's a rough life. But now the offered rates are down that way anyway in the banks.

[Underscore Pt2]

Did an agent tell you that?

go in via managed service then you avoid all the rate card stuff.

[oliverson]

I was there one time, with a ClientCo hat on. The place was bursting at the seams with ICTs I recall. It looked like an awful place to be

I've been to meetings at Red Lion Court. The reception seats used to resemble sitting in a circular jacuzzi. Nice pubs nearby though.

[patrickbaitsman]

Luckily my contract ends in April so I don't get hit by it.

Had the reduction not been introduced, I would have accepted an extension.

It's risky game reducing contractor fees.

[tpsman]

They wont be able to front load their rates because Lloyds use rigid rate cards. They'll have a max rate pre set and Id be surprised if they budge an inch on it.

Did an agent tell you that?

[mudskipper]

+1, I started with Lloyds once on £550, took the cut on the first extension, and by the second extension, they were offering me just north of £450. No thanks. Now the roles are being advertised for £450 from the get-go, which means after 9 months, you're potentially looking at just north of £360.

INKSPE

[Platypus]

Is anyone at Red Lion Court? I currently pass it daily into Cannon St station and it always looks a tad deserted

Spent an awful chunk of contracting life there - v.fond memories

I was there one time, with a ClientCo hat on. The place was bursting at the seams with ICTs I recall. It looked like an awful place to be

[BolshieBastard]

Very true. But they don't do other themselves or other contractors any favours by entertaining stunts like sudden rate cuts. Ultimately it is bad for the banks too, because contractors will just front load their rates, leading to more expense, not less. It is a poor way to do business because it just damages the trust all parties. For a short term, perceived saving. Now where have we heard that before...

Actually quite surprising that contract wording allow this.

They wont be able to front load their rates because Lloyds use rigid rate cards. They'll have a max rate pre set and Id be surprised if they budge an inch on it.

[SussexSeagull]

I suppose they are at least waiting until renewal time.

[jjdarg]

No I just saw sorry not interested. Same with Barclays...

+1, I started with Lloyds once on £550, took the cut on the first extension, and by the second extension, they were offering me just north of £450. No thanks. Now the roles are being advertised for £450 from the get-go, which means after 9 months, you're potentially looking at just north of £360.

[eek]

I wondered if when called up and you discover the client is lloyds you add 30% because you know they will do the nasty on you sooner or later.

No I just saw sorry not interested. Same with Barclays...

[portseven]

Who was the numpty on the call with the CIO?

Saying it's unfair that contractors got a 'pay cut' - your a business, deal with it!!

That said, you got balls!

[Bunk]

I wondered if when called up and you discover the client is lloyds you add 30% because you know they will do the nasty on you sooner or later.

Well, you can try but you won't get very far.

[vetran]

Wouldn't your standard rate already just be the most you think you could get?

I wondered if when called up and you discover the client is lloyds you add 30% because you know they will do the nasty on you sooner or later.

[unixman]

Okay that explains the contract bit, thanks.