1.1 Requirement Posting Fee (RPF): This is a small fixed fee that is levied to start a transaction on the platform.
It is charged at the point when you post the requirements.
The payment of the fee allows you to:
  • View the matched results for your requirements
  • Request for proposals from vendors
  • Set up a call to discuss the proposal
  • Ask for, or make changes to the proposal post discussions
The amount of the fee is determined by the subscription plan. RPF is non-refundable.
1.2 Contract Cost: This is the total cost of the service bought on the platform.
There are two types of Contracts Costs:
  • Negotiated Contract Cost: This is the total value of the contract negotiated with the seller for certain types of services listed in section 4.
  • Fixed Contract costs: This is a charge fixed by SolveCube platform for certain types of services listed in section 4. This is a non-negotiable fee for the service purchased.
1.3 Milestone payment: This is the money that the platform collects for stages of completion of the assignment, on behalf of the vendor.
  • This payment is collected in advance at the start of each milestone.
  • The amounts payable are set by the milestone schedule as defined in the Buyer- Seller Transaction agreement.
  • Payment is made to the seller as defined by the platform process and the contract.
  • Money collected in advance, for any milestone payment will be paid to the seller according to the payment rules and process.

    • Milestone payment is held in platform account on behalf of the vendor
    • Vendor completes the milestone and raises invoice on the buyer
    • Buyer approves the completion of the milestone
    • Platform releases the appropriate amount to the vendor
1.4 Product Cost: This is the cost that is charged for the purchase of the products listed under the category of iCube Exclusives as stated in the rate card.