10% agent profit back after 12 months

[JaredM]

Maybe their margin is really 30% and they felt guilty?

[thunderlizard]

I'm sure it would be the first option. They'd be dropping their margin from 15% to 13.5% say. They'd never drop from 15% to 5%.

It is an unusual thing to get as standard. Maybe a contractor argued for it once, and the daft agent changed the template instead of just the one contract.

[oraclesmith]

Sounds generous, but it might not be.

Depends whether it's 10% of the margin itself, or the margin percent minus 10.

Eg. if the margin was 15% of what the client pays (say £400 a day), then they get £60 a day and you get £340. If they reduce the actual margin figure by 10%, you only get an extra £6 a day.

If it's the margin minus 10%, then they only get £20 and you get the other £380 per day.

[senditback]

name and claim?

[DimPrawn]

I've worked on several contracts where the agent commission was cut each year. Sadly none of this passed to me, only to the client.

[premiere]

Who here has ever had this lobbed freely into their contract by an agency??

"If your assignment is extended for more than 1 year we undertake to reduce our margin by 10% and pass on this reduction in profit directly to you"

Wot's going on? An agency wanting to give money away? Course, it may be that they are never suspecting a contract to run longer than 12 months.

The agent is PCR, and a new contractor here working with me has this in his contract.