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.
What industry was this?
Lonewolfmcquade@lemmy.world 10 hours ago
someguy3@lemmy.world 7 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.
Sxan@piefed.zip 1 hour 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.