The 2e2 effect & some advice for IT contractors in today’s market…please RT

Given the recent demise of 2e2 what lessons can you ‘Mr or Mrs Contractor’ learn to protect yourself & your revenue?

…the thoughts of Chairman Mills.

1. Understand your contract – check the wording of contract with the direct client or agency contract. What does it say about what would happen re: payment in the event of administration/insolvency?

2. Credit check the client and/or agency.

3.  Negotiate more frequent invoicing and quicker payment terms.

4. Look at some form of invoice payment protection insurance.

5. Keep your dukes up and protect yourself at all times.

Neil Mills

MillsHill

01803 321233

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