Service providers will pay success fees based on the total (full term) 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 amount of success fee payable will be invoiced via e-mail to your company.
Please note that you will not be able to participate in future project tenders if we have not received your payment for the success fee.