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.
Poach@lemmy.world 18 hours ago
Definitely not unheard of. I’ve had plenty of companies try to pay us on NET90 terms.
someguy3@lemmy.world 18 hours ago
What industry was this?
Lonewolfmcquade@lemmy.world 9 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.
someguy3@lemmy.world 6 hours ago
Wait are you talking business to business? Becuase yes that’s common for paying a business. But for a business paying personnel, that’s not common.