PRODUCT DESCRIPTION AND PAYMENT TERMS

Product Description and Payment Terms

Ratescalc.com is a software as a service (SaaS) offering which has been designed to support all business types that provide staffing services and materials and/or both.

The primary function of Ratescalc.com is to simplify the quoting process for Service providers whereas labour and other services are to be considered by another user.

Ratescalc.com consists of the following components;

User licenses

A user license is a single user license of the Ratescalc.com product.

User Hierarchy license types

The Ratescalc.com product has three license types in its hierarchical structures;

User- A user of the application with no Management or system administration access

Manager- A user of the application that has the authority to approve quotations or over-ride users requests

System administrator- A user of the application that can administrate all licenses on behalf of the organisation/ entity. The system administrator can over-ride a manager user license holder

Payment terms and Pricing components

The purchase of licenses is paid quarterly in advance with a total cost for the three- monthly subscription of $147.00 / user per quarter or $49/ user/ month.

This is for use of the Ratescalc.com platform as a stand-alone Non- Integrated product.

NB: Through our front office/ operational system integration partners we have a different pricing structure. Please contact [email protected] for more information about our partners and forthcoming integration partners.

Signing credits

Ratescalc.com is supported through our integration partner; Secured signing www.securedsigning.com for secure PKI digital signatures for the signing and authorisation of quotations by our clients’ clients. These are available to each user once an account is established with Ratescalc.com.

Signing credits are purchased by each user/ organisation in advance similar to a token whereby each credit or token is used upon submission of a quotation to a client.

Signing credits can be purchased in block amounts as follows;

Number of Signing Credits Price per signing Credit Total Price

10 $2.50 $25.00

20 $2.50 $50.00

50 $2.50 $125.00

100 $2.50 $250.00

200 $2.00 $400.00

500 $2.00 $1000.00

Professional services

As described in our terms of use there may be requirements for Ratescalc to provide additional programming, design and aligned services to you on a fee-for-service basis. License Fees do not apply to these services.

Ratescalc.com may also be engaged from time to time for training on the platform either face to face with our clients or through web based conferencing. These are additional professional services that will be agreed between both parties before proceeding.