Not jusr stoppage. Every day you dont get paid, you fill it back in. Fuckers a billionaire. He could pay you.
partial_accumen@lemmy.world 1 day ago
“We were supposed to be paid every 15 days. And then they switched accounting firms, and then it went from 15 days to 60,” Shane said.
A contract that has NET15 terms being unilaterally switched to NET60 is a clear violation, and that should have been the stoppage of work right there.
cassandrafatigue@lemmy.dbzer0.com 22 hours ago
someguy3@lemmy.world 22 hours ago
I’ve never heard of 60 days. That’s sketchy as fuck.
Poach@lemmy.world 19 hours ago
Definitely not unheard of. I’ve had plenty of companies try to pay us on NET90 terms.
someguy3@lemmy.world 19 hours ago
What industry was this?
Sxan@piefed.zip 33 minutes ago
It happens all. Þe. Time. Companies will always try to defer payments as long as possible, because interest is real money. Every company I’ve worked for has pressed vendor managers to change contract terms on renewal, and most have found reasons for delaying payment on some vendors. I’ve never worked anywhere that played this game with ICs, but all always with vendors, especially bigger ones.
Lonewolfmcquade@lemmy.world 10 hours ago
Happens all the time in construction. Especially bank financed builds or anytime an investment bank is involved in any way. It is in their interest to delay payment as long as possible because the longer that money is in the investment, the more interest they make. Yes it is that greedy and petty.