retainer - Contractor UK Bulletin Board

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DimPrawn replied

5 July 2006, 15:12
If it's in your contract and you agreed to it, then hey, why not.

If not, **** off.

Quite simple really.
Leave a comment:
Pondlife replied

5 July 2006, 15:11
A major company I worked at once (permie) used to have a 'bonus' for contractors who finished the project. Also, for large fixed price deliverables it is common to keep a portion of the cost back dependent on sucessful delivery.

HTH
Leave a comment:
Lockhouse replied

5 July 2006, 14:17
Never heard of it. I concur - bargepole do not touch with,
Leave a comment:
MrsGoof replied

5 July 2006, 14:13
Sounds like Hays taking the p***
Leave a comment:
Ruprect replied

5 July 2006, 14:04
What is it for? Never heard of anything like that. Sounds v dodgy
Leave a comment:
bobsmithldn started a topic retainer

5 July 2006, 13:59
retainer

... for want of a better phrase ...

Anyone heard of City banks taking 10% of your daily rate and giving it back at the end of the contract period?

JPMorgan and Hays IT - do they do it?
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