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Project Bank Accounts, have you heard of them?
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<blockquote data-quote="Tony S" data-source="post: 460949" data-attributes="member: 20864"><p>Many moons ago I was in the procurement department of a multinational company, they were notorious for late payment.</p><p></p><p>We desperately needed a 300A LSE (Laurence Scott Electromotors) contactor. I ordered it and waited………… Finally I phoned LSE “we’re sending you nothing until we get paid for the last three orders!”</p><p></p><p>A bit of digging around and I found out LSE bought in the contactors from MCS (Manchester Contactor and Switchgear) so I placed the order with them.</p><p></p><p>Strangely both LSE and MCS went bankrupt.</p></blockquote><p></p>
[QUOTE="Tony S, post: 460949, member: 20864"] Many moons ago I was in the procurement department of a multinational company, they were notorious for late payment. We desperately needed a 300A LSE (Laurence Scott Electromotors) contactor. I ordered it and waited………… Finally I phoned LSE “we’re sending you nothing until we get paid for the last three orders!” A bit of digging around and I found out LSE bought in the contactors from MCS (Manchester Contactor and Switchgear) so I placed the order with them. Strangely both LSE and MCS went bankrupt. [/QUOTE]
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