Query re: timing of CPI increases
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- Re: Query re: timing of CPI increases
17-06-2021 12:59 PM - edited 17-06-2021 1:17 PM
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Hi there, My fixed price contract expires on 19th July, and my billing date is 26th of each month. I am trying to understand the implications of this text on the renewal offer:
Is this saying that if I signup before 30th June then the price you have quoted me, will in effect be increased twice - once in June (which has already gone!) and then again in March, but if I renew on 1st July then the price you quoted will only be increased once in March ?
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Re: Query re: timing of CPI increases
17-06-2021 2:44 PM
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Your interpretation makes sense to me. The question that comes to me is whether the price you have quoted will hold until the first July. Also you will need to factor in that if you leave it until your contract has expired you won't be hit with a few days at the out of contract price but a whole month so you need to do your sums to see if it's worth it.
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17-06-2021 5:09 PM - edited 17-06-2021 5:10 PM
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Hi @flanzm
Sorry for the confusion. Personally, I'd recommend renewing your contract on the offer we've given a day before your contract expires the 18th July to make the most of your fixed price contract.
The new contract will then either begin the next working day, the 19th, or on your bill date. *We wouldn't be able to say which one until the renewal's been put through online, as it'll depend on how the stars align.
The same renewal offer should be valid until then, it may even be available to take after your contract has expired.
I hope this helps.
[edit]
*More often than not though, I've seen online renewals go through the next working day.
Re: Query re: timing of CPI increases
17-06-2021 7:45 PM
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Just the advice I was after.
Mike
Re: Query re: timing of CPI increases
17-06-2021 10:58 PM
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Good question. My contract is up on 11th July so hopefully someone from PN will give an answer because I didn't even click on that I could have prices increased twice if I decide to renew pre-July
Re: Query re: timing of CPI increases
18-06-2021 9:39 AM
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@jaseace I'd basically give the same advice to you regarding this.
I recommend renewing your contract 1 day before it expires to make the most of your fixed price contract.
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- Re: Query re: timing of CPI increases