How long do companies usually take to pay an Invoice?
I submit an invoice to the company I contract for on the first of the month for work done during the preceeding month. I was expecting this to get paid within a few days, however I have been told that the company intends to pay it 'as late as possible' which basically means I don't see any money until a month or more after I have submitted an invoice. I have been arguing about this with their finance department but would like to know if their attitude seems reasonable or not and what is normal in the IT industry?. Its true my contract says payment within 30 days but I understood this was contingency and not an excuse to pay as late as possible on a reguilar basis.
Any views?
I submit an invoice to the company I contract for on the first of the month for work done during the preceeding month. I was expecting this to get paid within a few days, however I have been told that the company intends to pay it 'as late as possible' which basically means I don't see any money until a month or more after I have submitted an invoice. I have been arguing about this with their finance department but would like to know if their attitude seems reasonable or not and what is normal in the IT industry?. Its true my contract says payment within 30 days but I understood this was contingency and not an excuse to pay as late as possible on a reguilar basis.
Any views?
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