Can you give back something you never had in the first place?
Item 1 at £50k: Included in tender with agreed tender fee of 5%
Compensation Event:
Omit Item 1 at 50K using SSCC with Sub-subcon fee percentage of 12.5% (loss!)
Add Item 2 of 25k using SSCC with Direct fee percentage of 8%
Tender 50000 5% 2500
Omit -50000 12.5% -6250 (never had this to give back in the first place)
Add 25000 8% 2000
Nett -25000 17% -4250
Surely this isn't right or fair....
My automatic assumption is that only the tender fee is omitted and the agreed fee percentage is added back.
Any comments would be useful.
Thanks,
Item 1 at £50k: Included in tender with agreed tender fee of 5%
Compensation Event:
Omit Item 1 at 50K using SSCC with Sub-subcon fee percentage of 12.5% (loss!)
Add Item 2 of 25k using SSCC with Direct fee percentage of 8%
Tender 50000 5% 2500
Omit -50000 12.5% -6250 (never had this to give back in the first place)
Add 25000 8% 2000
Nett -25000 17% -4250
Surely this isn't right or fair....
My automatic assumption is that only the tender fee is omitted and the agreed fee percentage is added back.
Any comments would be useful.
Thanks,