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Late payment solution unlikely unless new laws are passed
Contractors will be forever bedevilled by late and non-payment by clients and agencies unless new legislation with real teeth & enforcement is passed.
�measures that will ensure that they get paid when contracting . This includes completing credit risk assessment� �favourable payment terms, enshrining them in the contract and enforcing them if the client defaults. Effici�
Category:
News
| Tue, 27 Jan 2015
Oil and gas contractors: keep calm and contract on as the future remains positive
Oil and gas contractors should keep calm and contract on, as they can continue to thrive during the short, mid and long-term future of the industry.
�s contractors should hold their nerve and keep on contracting despite the apparent implosion of the industry. I� �iness are not only slashing thousands of jobs and contracts, they are halting graduate recruitment. In just o�
Category:
News
| Thu, 26 Feb 2015
Unions are simply wrong about contractor umbrella companies
Unions are attacking the wrong target in their campaign against contractor umbrella companies, which was a blatant tax grab by government and HMRC.
�tax bills of their workers? Not surprisingly, the contracting service industry has reacted strongly, highlighti�
Category:
News
| Mon, 01 Dec 2014
Contracting mindset tips: negotiation based on margins is futile
Contractors get paid according to the market forces of supply & demand. Negotiations based on margins will fail, because agencies apply market forces.
�nt organisations as confidential, and rightly so. Contracting businesses price to market, not margin The amount� �many of your fellow contractors are chasing a few contracts, then your negotiating position is weak. Contract� �it’s down to how well can you can negotiate your contract . If your skill is highly specialised and in grea�
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Articles: Contracting Mindset Tips
| Tue, 14 Sept 2010
Contracting mindset tips: there are no such things as “contractors’ rights”
Contractors engage with their clients on a business-to-business basis. So, just as with any other business deal, it doesn’t qualify them for “rights”.
�Contractors have a business-to-business contract of services with their clients or agencies and, a�
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Articles: Contracting Mindset Tips
| Wed, 15 Sept 2010
Contracting mindset tips: clients don’t care about your career, nor should they
Contractors are hired to provide an immediate solution to a client’s problem. Responsibility for career development & training lies with contractors.
�ts are not interested in helping you develop your contracting career. They are looking for an instant solutions� �in what you do evenings, weekends and in-between contracts when you are not solving problems for them. But i� �skills or capacity in-house. The contractor has a contract that clearly identifies the deliverables, timesca�
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Articles: Contracting Mindset Tips
| Wed, 29 Sept 2010
Contracting mindset tips: contractors are not paid the same as employees
Contractors are responsible for paying employment costs and taxes themselves so employee salaries and contractor fees are not directly comparable.
�a week, do you know how you would calculate what contracting day rate you need to secure the equivalent take-h� �means you can’t directly compare hourly or daily contract rates with employee salaries. Do you know how muc�
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Articles: Contracting Mindset Tips
| Thu, 28 Oct 2010
Contracting mindset tips: contractors can claim expenses formerly paid by themselves
Contractors claim expenses out of pre-tax earnings and offset these costs against profits, thus reducing tax. Employees pay out of their own pockets.
�Once you start contracting, you can claim business expenses in a way that pe� �employee come directly out of your fees when you contract and can help reduce your tax bill. How would you�
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Articles: Contracting Mindset Tips
| Mon, 01 Nov 2010
Contracting mindset tips: Agencies & clients can’t change terms & conditions at will
Contractors have an agreement with their client to supply certain services in exchange for payment, so any changes in terms must be mutually agreed.
�agreeing a rate. If you are paid by the day, with contracted core hours of nine to five, and then your client� �As a contractor, you have a contract that details exactly what service you provide to�
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Articles: Contracting Mindset Tips
| Mon, 14 Feb 2011
Contracting mindset tips: clauses preventing you bypassing agencies are enforceable
Restrictive covenants stopping contractors working direct for clients are enforceable & protect the investment agencies have made brokering the deal.
�e covenants in the contract that prevent you from contracting direct with the client . These covenants are enfo� �markets for their ‘roster’ of contractors. These contracts might otherwise not even exist, if it were not fo� �agencies to include restrictive covenants in the contract that prevent you from contracting direct with the�
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Articles: Contracting Mindset Tips
| Tue, 01 Mar 2011
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