retainer fees

[lexiemum]

I've just got a cm and have been asked for a retainer to keep place open - we're meeting up next friday to discuss and sign contract but what is reasonable.

I need two full days of 8.5hrs from april but up until then i need 2-3hrs 2days during feb(well starting in 2wks), so they can settle in, then one full day per week for march - obviously i'll be paying her for these hours so what else is reasonable and should this be refundable against the final month?

hourly rate is £3.50 per child and its for 2 children.

suggestions please.

2 x 8.5 hr days Times the number of weeks /divided by 2 for the hours/days that you aren't using

So for feb say

2 x 5.5 hr days Times the number of weeks /divided by 2
Plus 6 hrs a week at standard rate

and for March

1 x 8.5 hr days Times the number of weeks /divided by 2
Plus full day a week at standard rate

Good Luck sorting it out

Deposits should be refundable but retainers are to keep the place saved for you so no, not normally refunded.

HTH

hi there. I have term time only children and (don't laugh) I charge £5.per child per week during hols. Got another starting soon, what would you all recommend I charge this one?