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.

[jillyjay]

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?

[HellyBelly]

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

HTH

[katymac]

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