How to nicely ask for an extension on a mandate when you know you will not be able to do it on time? Thanks!

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I always found it better to tell them (vs. ask) with a courtesy "I hope that’s still fine, please feel free if we should discuss". IMO, what’s important is to provide a brief reason and focus on giving a clear new deadline (eg by Tuesday 10am) and sticking to it. And of course ensuring the job is well done (to the best of your ability).

Edit: this is for standard mandates. Mandates that came with an urgent sticker or specifically emphasized as crucial require a different approach.

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Call if at all possible because then you will know if the ask was for anything specific (eg investment committee meeting) or has time.

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