This would either be in the form of an amendment letter or changing the existing contracts so that TBOS can also sign on the contracts. In this circumstance, TBOS will work with the client and our legal team to add the appropriate clauses to ensure that all parties are protected within the transaction. What happens if a client wants us to use their contract template instead of the TBOS Freedom template? TBOS acts as the Service Provider, we are responsible for administering the contracts and invoicing, funding the candidate and receiving the funds from the client. As the Agency you are named as the owner of the client/candidate and placement and are ultimately responsible for the conduct of the placement. The contracts are created and signed between your client/candidate, you as the agency and TBOS as the service provider. If TBOS produce the contracts and invoices, how do I retain my identity on the placement? Should your client go into administration or liquidation then you will be reimbursed in full (minus a £500 first loss). TBOS constantly monitor our clients to ensure that all of your debt is insured. What happens if my client goes bust mid contract? Will I still get paid?Īll funded placements made with TBOS Freedom have bad debt protection included within the factoring fee. We highly recommend you give our team to discuss your enquiry in more detail. There is an additional Invoice Factoring charge and bank interest charge, again this will vary on your funding requirements. TBOS Freedom has a set fee that we charge per placement that is working, this cost can vary depending on the number of placements you are making. Are there any additional costs that I need to be aware of with TBOS Freedom? We highly recommend you give our team a call for a tailored quote to your specific needs. TBOS Freedom is a pay-as-you-go back-office solution which varies in price depending on the frequency of placements you make. TBOS will distribute the profits once the client has made payment. If you have bad credit or no assets this will not affect you using our TBOS Freedom plan as the debts are fully insured. TBOS bases its funding decisions on the clients you are invoicing, they are not based on the financial history of the Recruitment Director. I have a bad personal credit rating, will TBOS Freedom fund my contract placements? Our specialist back-office team will manage the contract placement from start to finish so you can focus on growing your new recruitment business. Our fees are based on your productivity so if you’re starting out this is very cost-effective from day 1. TBOS Freedom is perfect for new start ups as the funding is fully credit insured and the plan is pay-as-you-go. I’m a new start up Contract agency should I be using TBOS Freedom? This will cover the complete funding and administration required for administering the contract placements so you can carry on focusing on your perm-only business. If you are a Perm-Only agency with a unique opportunity to place one contractor or several contractors, TBOS Freedom is the perfect plan for you. Does TBOS Freedom work for Perm-Only agencies?
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