late payment from agent

[SpontaneousOrder]

There is, of course, Late Payment legislation which allows for statutory interest and a statutory fixed sum for debt recovery costs.
https://www.gov.uk/late-commercial-p...t-becomes-late

This does not have to be written in contract as it is already written in law.

I must have left the thread open in the browser for a while before I made the redundant reply.

[diseasex]

A real contractor wouldn't have noticed a few quid missing against their massive war chest. That's their secretaries job to chase it up

Hth

MF

a good real contractor would have their money invested and not in their bank account at miserable rate

[MarillionFan]

A real contractor wouldn't have noticed a few quid missing against their massive war chest. That's their secretaries job to chase it up

Hth

MF

[SpontaneousOrder]

There are regulations set out for this. As a business, I don't think the client should give a tulip if you go overdrawn - it's up to you to manage your money. The regs lay it out, beyond what may be in your contract..

[chopper]

I would say unless they are significantly late say 30 days you can't really charge them for the inconvenience unless you have a clause allowing you.

There is, of course, Late Payment legislation which allows for statutory interest and a statutory fixed sum for debt recovery costs.
https://www.gov.uk/late-commercial-p...t-becomes-late

This does not have to be written in contract as it is already written in law.

[diseasex]

If you went overdrawn and got charged fees then they will cover such fees. Same as a permie. Some people have nothing left in the bank on payday.

Its only right they made a mistake & they should pay any financial consequences of that.

I would say unless they are significantly late say 30 days you can't really charge them for the inconvenience unless you have a clause allowing you.

thanks - learned something new.

[vetran]

It goes to general as its minor issue

Agency "forgot" to pay me on time. Now when im chasing it they are like :



contract doesnt state any charges for late payment. Should i be charging them something? lol 99£ admin fee or something

If you went overdrawn and got charged fees then they will cover such fees. Same as a permie. Some people have nothing left in the bank on payday.

Its only right they made a mistake & they should pay any financial consequences of that.

I would say unless they are significantly late say 30 days you can't really charge them for the inconvenience unless you have a clause allowing you.

[MrMarkyMark]

FTFY

Used notes, in a brown envelope, meet at midnight in the local Tesco carpark, unless you live in Slough, where the agent will have had all the money robbed, before you get there

[diseasex]

Used notes, in a brown envelope, meet at midnight in the local Tesco carpark

ok ok what should i reply to that dude?
Nah thats fine just give me money
or yes please apply some fees from me as you please.
or 1% per day of delay ^_^

[SlipTheJab]

Yes, £500 cash, for the inconvenience caused.

HTH.

Used notes, in a brown envelope, meet at midnight in the local Tesco carpark

[MrMarkyMark]

It goes to general as its minor issue

Agency "forgot" to pay me on time. Now when im chasing it they are like :



contract doesnt state any charges for late payment. Should i be charging them something? lol 99£ admin fee or something

Yes, £500 cash, for the inconvenience caused.

HTH.

[diseasex]

It goes to general as its minor issue

Agency "forgot" to pay me on time. Now when im chasing it they are like :

Just looking through now should know more in the next hour or so.

If it’s unpaid I’ll get it put straight through for you, have you had any charges applied to you due to late payment? If so we will obviously cover these

contract doesnt state any charges for late payment. Should i be charging them something? lol 99£ admin fee or something