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Richard 01903

  • Posts: 449
Renting work
« on: June 09, 2011, 08:40:27 am »
As above what would you pay to rent work ??? Is there a standard price per hundred pounds worth ???
You cant change the PAST But you can influence the FUTURE

Pureclean Essex Services

  • Posts: 186
Re: Renting work
« Reply #1 on: June 09, 2011, 09:06:27 am »
I've heard in the past,that every £500 of work the rental is £100.

Brian.

boldy1304

  • Posts: 292
Re: Renting work
« Reply #2 on: June 09, 2011, 01:36:33 pm »
i rent most of my work i pay 20% make sure they are good ones though as sometimes its just not worth it any other work i get from them like gutters is all mine

ian1972

  • Posts: 840
Re: Renting work
« Reply #3 on: June 09, 2011, 02:06:53 pm »
£25 to £30 per hunderd

Pope vader

  • Posts: 1944
Re: Renting work
« Reply #4 on: June 09, 2011, 02:47:48 pm »
i got offered some work the other week and the bloke wanted 33%

Richard 01903

  • Posts: 449
Re: Renting work
« Reply #5 on: June 09, 2011, 05:18:37 pm »
20% that dosnt sound to bad 8)
You cant change the PAST But you can influence the FUTURE

luther1

  • Posts: 1071
Re: Renting work
« Reply #6 on: June 09, 2011, 05:25:43 pm »
I get 15% for mine,but 20 is the norm

boldy1304

  • Posts: 292
Re: Renting work
« Reply #7 on: June 09, 2011, 07:35:47 pm »
£25 to £30 per hunderd

wouldnt be worth it not a chance  >:(

boldy1304

  • Posts: 292
Re: Renting work
« Reply #8 on: June 09, 2011, 07:37:30 pm »
i got offered some work the other week and the bloke wanted 33%

hope you didnt take it 33%  :o  thats mad 20% is bad enough some times

Pope vader

  • Posts: 1944
Re: Renting work
« Reply #9 on: June 09, 2011, 07:41:58 pm »
did i hell take it,  just ok and walked off,  basically the bloke was insisting that i use his van, etc  vasically wanted me to work for him and pay him a third of my work as well

Richard 01903

  • Posts: 449
Re: Renting work
« Reply #10 on: June 09, 2011, 08:53:52 pm »
You could have offered to pay his tax as well ::) Some people ???
You cant change the PAST But you can influence the FUTURE

Paul Coleman

Re: Renting work New
« Reply #11 on: June 09, 2011, 09:39:43 pm »
As above what would you pay to rent work ??? Is there a standard price per hundred pounds worth ???

No standard rate but I used to supply tools/van/water and get 60%.  Not as bad as it sounds because most of the work was priced higher than my own anyway.
It began to stop working for me when the company I rented from went VAT registered but only raised about half the prices.  My 60% of the take became 60% of the price without the VAT.  No problem on the ones where the VAT was added to the customers price but a decrease in income for me when it wasn't.
I only mention this as I have now rented work with two different companies and each time issues arose that hadn't been considered when striking the deal.  No-one's fault.  It's just the way it was.

When striking such a deal it's a good idea to think it through and discuss things that you masy not have envisaged without that chat.
Things like: Who loses out on bad debts?  Is the rental price the price without the VAT?  How long before payments are made?  Is any money to be withheld?

The first time I did this, I found that I only got paid for the work where the customer had paid.  It made it a nightmare matching my invoices to the cheques.  If they wanted to withhold any money, on reflection I would have preferred a fixed amount, pay the bills as invoiced, then make any adjustment when the deal was eventually terminated.  Much simpler for the accounting.  Of course it also meant that if a customer didn't pay, I didn't getpaid.

The second time I did it (with another company), I was very insistent that my invoices were paid whether or not the customer had paid.

In both instances, I would invoice for the 60% but show the settlement figure as 60%-cash collected.  That way it kept the invoicing straight and also meant that I had some, albeit reduced, cashflow.