Cost to Client

• Members Fee of R1,482-00 per annum VAT included
• FFG takes 30% of saving on dynamic bidding

DYNAMIC-BIDDING:

• There is no fixed charge for using the system and all services (e.g. Reverse Auction Specialist, planning and consulting) are also provided at no cost. However, 30% of all saving achieved will be retained by FARMER FIRST GROUP. These savings will be calculated as the difference between the event’s opening price and the event’s closing price.
  
  The opening price is calculated using one of the followings formulas:

• Opening Price will be the average of the 3 quotes obtained by the requiring department for budget checking purposes.
• Current contract price or last year’s price plus the relevant CPI increase.
  
  The event’s closing price will be determined by the event using the lowest bid (price) quoted by any bidder on a line item level.
  
  All opening prices will be agreed prior to each event.
  
  After a successful event where savings were realised, an invoice will be raised based on the above terms

PRODUCTION FINANCE

• As per quote from our associated company

ASSET FINANCE

• No up-front costs, only admin fee of R350 – R1600 depending on size of loan. Full quote will be done before acceptance of contract.