Reply to: Rate cuts mid contract - what would you do?

[Archangel]

I'd have to stay put - the rates nearby (where work is even available) are around 60% of what I'm currently on so it would have to be a significant pay cut...

WHS (probably nearer 75% for me though)

[chicane]

I'd have to stay put - the rates nearby (where work is even available) are around 60% of what I'm currently on so it would have to be a significant pay cut...

[NoddY]

As per other topical threads I would commit some knife crime and then emigrate.

[gadgetman]

Accept the cut then immediately start looking elsewhere.

[Cliphead]

Walked once before when a rate cut was announced. Also refused renewals if the rate wasn't upped.

[rootsnall]

I'd walk and then discover the market rate has fallen quite a bit lower than the rate I'd been asked to drop down to. This is what I did in 2003

[bobhope]

Merrill Lynch cuts rates by 11%

http://news.hereisthecity.com/news/b...ews/7896.cntns

[Lucy]

My minds made up.

of popcorn?

[Ardesco]

Where's the "Sue for breach of contract." option?

What he said.

[DimPrawn]

But surely the clientco has requested a contract for a paticular resource spread over a particular time period at an agreed price.

Sue the f*ckers!

Btw, your question was...



Nothing about contract revision or negotiation. Purely a demand.

Don't confuse me with the facts. My minds made up.

[Churchill]

I don't think they are breaching the contract. They are saying "revise the contract or we will terminate the existing contract after the notice period having been served".

But surely the clientco has requested a contract for a paticular resource spread over a particular time period at an agreed price.

Sue the f*ckers!

Btw, your question was...

If the client/agent demanded a rate cut or I'm terminated I'd

Nothing about contract revision or negotiation. Purely a demand.

[DimPrawn]

Where's the "Sue for breach of contract." option?

I don't think they are breaching the contract. They are saying "revise the contract or we will terminate the existing contract after the notice period having been served".

[Churchill]

Where's the "Sue for breach of contract." option?

[zathras]

One option which is missing is that the client has contracted for the supply of a service at a given price, for a given period of time.

For that reason one might accept a reduction at renewal - that one would not during any other time, in addition the cost of living is actually going up, not down so ones costs are going up also.

The true answer however depends on many variables; competition, personal finances, rarity of the skills used.

Until you know those the option to fight any requirement is an uncertain move - if one can afford it rather than having to find more work then one might take the hit. On the other hand take it or not, one might want to let everyone know that you are not happy.

[Pondlife]

I always ask myself, "what would Wilmslow do?"

It keeps life simple.