Where offers guaranteed loans? It will literally change my life

adevlin86

You misunderstand. It's the guy I work with that's causing the hassle. We are both sub-contactors. I have worked with him since I was an apprentice, that's why he calls all the shots. We both work for another chap, the contractor, and it is he who has secured the work. We would both still work for the same contractor even if we weren't working together.
I say 'we've just secured....' the same way a football fan would say 'we have just won...', as a member of a team if you will. So there.

adevlin86

PNPSUKNET wrote: »

dont forget you will also need public liabilty insurance of your own

Not as a sub-contractor you don't.

chalkie99

You are right, I don't understand.

Your opening post suggests the man you work with is controlling your income as you are getting a daily rate no matter how hard you work and you suggest this is because your colleague is "tight".

Now you are saying the work is provided by a main contractor and you merely work with him. Who is paying you - the main contractor or your colleague?

It sounds as though you are subbing to a sub-contractor a level above you who is supplying your tools, which brings me back to my original question, can you get your own work from the main contractor?

Incidentally, I think you are confusing public liability insurance with employers liability insurance. you will definitely need public liability cover.

paddyrg

It's not a big loan you're after, and if you can prove to the bank that you have the earnings potential to repay it in (say) 18 months, they may consider you. Doubtless they will want you to take out all your insurances with them, to cover periods of not working etc too, so expect to pay over the odds for the total package, but be honest with the bank and they may take a punt on you.<br/><br/>

Or, why not talk to the main contractor, tell him you'll work for £x/sqm if he will lend you the £2500 for tools and car (really so much secondhand? Plasterers tools are not that expensive, old crock cars are cheap) so you can contract directly to him. He may go for it if there is an upside for him, or if he's a nice guy. If he's been in the trades a long time, he'll probably appreciate your position and show him how enthusiastic you are, he may get all paternal, or just see you as the next generation, or something. Either way it has to be worth a try - he'll benefit from you being dedicated and loyal and cheap, you get set up for yourself, everyone except your old friend taxing your wages will win.

Apples2

I'm not entirely sure the OP has a clue how this lot bolts together.

Current situation:
Turns up - gets ratty with workmate - picks up pay packet

Self Employment Plans
Turn up - enjoy work - Reap mega wonga

There seems to be a huge assumption the real Contractor is going to use you if you go it alone - Why?
What is stopping him getting someone else or the annoying workmate gets a new workmate?

How is your future income guaranteed?

Do you have ANY idea how to go about pricing a job factoring tools, transport, tax and a whole plethora of extras?


Sorry but sounds more like the plasterers boy is getting a bit ahead of himself (4 years is not long)

chalkie99

paddyrg wrote: »

Or, why not talk to the main contractor, tell him you'll work for £x/sqm if he will lend you the £2500 for tools and car (really so much secondhand? Plasterers tools are not that expensive, old crock cars are cheap) so you can contract directly to him.

But, the problem is, the main contractor would then be paying 2 subbies full rate rather than what he is now paying to his present guy. A lose lose situation for him. In the meantime the present guy would have hired another cheap worker so would be able to do the job cheaper.

It's not been thought through.

paddyrg

chalkie99 wrote: »

But, the problem is, the main contractor would then be paying 2 subbies full rate rather than what he is now paying to his present guy. A lose lose situation for him. In the meantime the present guy would have hired another cheap worker so would be able to do the job cheaper.

It's not been thought through.

I read it (as it's a bit unclear) that the main contractor is paying 1 subcontractor 2 x 100% for 2 people, and that subbie is passing on about 50% of the apprentice's bit to the apprentice who wants to go solo. Maybe I got that wrong.