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Big business is endlessly creative in screwing small business

Friday, October 04, 2019

They are very good, you know! That is, big businesses are really good at working out how to ‘do over’ their small business suppliers.

Perhaps big businesses are most creative in the ‘gotcha’ game in the way they avoid paying small business people on time. Ooops, or sometimes even avoid payment?

Australia’s largest construction conglomerate, CIMIC, has been outed. It has been reported that instead of paying its small business suppliers within 30 days, it’s going to be 65 days! Ah—very smart! And get this: They are doing this on state government-funded projects such as Melbourne’s Metro Trains and Brisbane’s Cross River Rail.  More...



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