iJobid - Final Value Fees

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Final Value Fees

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Each category in the iJobid.com Marketplace has a final value fee group (FVF) associated with it. The FVF determines what the final commission charge will be for a iJobid.com Contract.

Currently there are two groups that have been designed considering the industry sectors that the composite categories focused on. The first is the Business Group. This group is all categories where the bulk of the transactions are B2B (Business to Business). It has a maximum commission of $500 CDN, which is based on the acquisition of a $10,000 CDN contract.

The second is the Public Group. This group has just one main category uses the commission structure and that is House and Home. Service contracts acquired with in this category (and all it's sub-categories) have maximum commission of $200 CDN which is based on a $4,000 CDN contract.

The tiered fee stucture for the two group is displayed below:

Final Value Fees
Awarded Price	Final Value Fee
No Awarded Provider	No Fee
CDN$0.01 – CDN$1,000.00	5.75% of the closing value
CDN$1,000.01 – CDN$5,000.00	5% of the remaining balance (plus tier above)
CDN$5,000.01 – CDN$10,000.00	4.85% of the remaining balance (plus tier above)
CDN$10,000.00 or more	0.0% of the remaining balance (plus tier above)

Final Value Fees
Awarded Price	Final Value Fee
No Awarded Provider	No Fee
CDN$0.01 – CDN$1,000.00	6.50% of the closing value
CDN$1,000.01 – CDN$4,000.00	4.5% of the remaining balance (plus tier above)
CDN$4,000.01 or more	0.0% of the remaining balance (plus tier above)

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