Service providers will pay success fees based on the total value of the contract upon the award of the contract in the following manner:
|Contract Value (S$)||Commission Rate (%)||Amount of Commission (S$)|
|0 - 10,000||5%||0 - 500|
|10,001 - 50,000||4%||500 - 2,000|
|50,001 - 500,000||3%||2,000 - 15,000|
|More than 500,000||2%||Not less than 15,000|
Upon the award of the contract, the number of Pegaxis Credits equivalent to the amount of success fee payable shall be deducted from your account. In the event there is insufficient Pegaxis Credits, payment may be made in the following ways:
- Topping up of Pegaxis Credits
- Bank transfer
If you choose to be invoiced for the success fee payable, the bonus Pegaxis Credits offered in the various packages will not be given.
Please note that you will not be able to participate in future project tenders if your Pegaxis wallet has a negative number of Pegaxis Credits.