Pricing Policy
Applicability
Vendor Infra is the exclusive property of the Vendor Infra Global Private Limited. This Pricing Policy is applicable between Vendor Infra, a company registered under Indian laws (hereafter referred to as “Vendor Infra”), and any persons wishing to put plants, machines, equipment, tools etc. for sell/hire/purchase/rent using the Website http://VendorInfra.com/ (hereafter referred to as “Users, Members”).
This Pricing Policy is to be considered in conjunction with our Privacy Policies and Terms of Use.
Definitions
Unless otherwise defined hereunder or ascertained from the context, expressions employed in this Pricing Policy shall have the meaning ascribed to them under the Terms of Use.
“Commission” means the amount charged by Vendor Infra in advance from both Owner and Hirer once the rental/sell agreement is confirmed between the Parties.
Terms for Rental Agreement
Fees
The price of each Item listed on Vendor Infra is expressed in Indian Rupees or the relevant currency as applicable in such countries. While listing their machines etc., the Owners must indicate whether the listed price is exclusive or inclusive of applicable taxes, costs, possible delivery fees and insurance costs.
To initiate the process, the Hirer will send a request for the reservation to the Owner through Vendor Infra website. A Rental Agreement is confirmed by the Owner’s acceptance of the Hirer’s Reservation Request. With the exception of promotional offers that are explicitly outlined on the Website, the Owner and Hirer are liable to pay commission to Vendor Infra once a Rental Agreement is confirmed between the Parties. Thereafter, Vendor Infra will raise its invoice to the Member Account for the commission payable. Vendor Infra will share the contact details of Hirer and Owner with both parties after the commission has been received by Vendor Infra.
Access, registration, the listing of machines and use of the Website are free.
Vendor Infra can modify its policies on listings and commission fees and can also modify the fees set for these services. Temporary or permanent modifications are effective as soon as they are published on the Website and are applicable to all subsequent transactions. In the case of temporary modifications, the duration of the changes will be clearly indicated on the Website.
As an Owner, you must pay commission if prescribed of the Total Rent Amount whenever you accept a Reservation Request through your account on Vendor Infra thereby confirming a rental agreement between the Owner and the Hirer. The said commission does not include any applicable taxes.
As a Hirer, you must also pay commission if prescribed of the Total Rent Amount whenever you make a Reservation Request through your account on Vendor Infra and the said request gets accepted by the Owner thereby confirming a rental agreement between the Owner and the Hirer. The said commission does not include any applicable taxes. The Commission is non-refundable.
Billing & Payment
Payment Default & Late Fees
Late fees shall be levied if an invoice has not been paid 30 calendar days after being issued. In case of payment default on amounts due to Vendor Infra, a formal notice will be sent and billed to the Member. If the default invoices remain unpaid following the formal notice, the amounts due will accrue late fees interest at a yearly rate of 12%. A penalty fee of 15% of the total due will also be applied, which will be added to the fees for the formal notice, and any other costs related to the recovery of the due amounts.
During these procedures for recovering unpaid invoice amounts, the debtor will be held responsible for all the fees, legal or non-legal, without prejudice of all demands and damages and interest and other actions, including contentious ones, necessary to safeguard the interests of Vendor Infra.
In addition, the member explicitly accepts that Vendor Infra may partially or completely suspend his Account and Service(s) until payments due are recovered. Vendor Infra may proceed with the deactivation of Service(s) which will be billed at the current applicable rate. The Member will be able to use the Services once all payments owed have been paid. If the Member does not pay the amount owed before the end of the month following the suspension of that Member’s Account, Vendor Infra may cancel the Member Account and any transactions between Vendor Infra and that Member without any further actions being taken. However, the Member will still be liable for any amounts owed.
Tax
Members are solely liable for all the taxes, fees and commissions resulting from the use of Services and Website. Taxes (such as, and without limitations, indirect taxes) might apply to your transactions whether you are an individual or entity, or whether you are an Owner or a Hirer. Members are encouraged to seek tax advice from a professional.
Warranties & Limitation of Liabilities
As agreed, outline in the Terms of Use, Vendor Infra is not responsible for any loss that may occur during usage of the Website or Services. You are encouraged to review the Terms of Use for any further information.
Applicable Laws
Contacting Us
If you have any questions or queries or clarification about this Policy, please contact us at info@vendorinfra.com.
Note
For pricing policy related to annual subscription plans of Vendor Infra, please refer to Terms of Services document (Section -11).
