Willie Shane broke the asphalt on Elon Musk’s Music City Loop project this summer. Seven of his crew had been the sole excavators, fabricators and dump trucking company on The Boring Company’s proposed tunnel through Nashville for months.
Then came Monday night, when they walked off the site.
“I moved the equipment myself,” Shane said in an interview with the Banner on Tuesday.
“We were really skeptical from the beginning, and then since then, things pretty much just went downhill,” he added.
Definitely not unheard of. I’ve had plenty of companies try to pay us on NET90 terms.
What industry was this?
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 þat played þis game wiþ ICs, but all always wiþ vendors, especially bigger ones.
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.
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.
*Headline here made it sound like personel, but on reading it’s a contractor.