Cashback Terms

Pegaxis Pte. Ltd. (UEN No. 201622029W) (collectively "Pegaxis", "we", "our", or "us") operates the Pegaxis property services marketplace platform (“Platform”) for the purposes of assisting management corporations of condominiums constituted by virtue of the Land Titles (Strata) Act ("MCST") obtain quotations and procure property-related products and services.

1) Pegaxis shall award MCSTs a cashback of up to 2.0% of the contract value for procuring products and services through the Platform as follows: 

 

Contract Value

Condo Cashback Rate

Amount of Condo Cashback

S$0 – S$50,000

2.0%

S$0 – S$1,000

Above S$50,001

1.0%

Not less than S$1,000

 

2.) The MCST shall be eligible for the abovementioned cashback upon fulfillment of the following conditions:

        (a) The MCST sources for quotation(s), obtains quotation(s), approves and awards contract(s) on the Platform;

        (b) The MCST submits the purchase order(s), letter(s) of award, service contract(s), invoice(s) or any other document(s) indicating the contract value amount and service provider contracted to perform the services within thirty (30) days from the date of such document(s); and

        (c) The MCST submits the payment details or proof of payment (e.g. cheque number) for the payment made to the contracted service provider within thirty (30) days from the date of such payment.

3) The MCST shall receive the cashback in the means as deemed appropriate by Pegaxis within ninety (90) days of the submission of the proof of payment to the contracted service provider.

4) The MCST may appoint the presiding managing agent ("Managing Agent") as representative to fulfil the conditions as set out in clause 1 above.

5) The MCST agree that in the event of a dispute or claim of whatever nature arising in respect of any service provided or in the event of discrepancies between records of detailed. Pegaxis will conduct the necessary investigation and resolve the issue with the relevant parties.

6) Pegaxis undertake to fully comply with all obligations and duties imposed on it under the PDPA or by the PDPC with regard to all personal data which it obtains or comes into its possession as a result of this agreement.

7) Pegaxis and the MCST shall maintain in strict confidence all data, business, personal and other proprietary information provided pertaining to this agreement ("Confidential Information"). The parties shall not, without the prior written consent to disclose or provide such Confidential Information, except when requested upon by regulator or by law.

8) These cashback terms shall be governed by and construed in accordance with Singapore law.