Payment Policy

1. ACCEPTANCE.
The services that SourceHorizon, Inc. provides to you are subject to the following Payment Policy. SourceHorizon, Inc. reserves the right to update the Policy at any time without notice to you. By accepting the Terms of use for this site you are also accepting this payment policy.

DESCRIPTION OF SERVICES.
Through its network of Web properties, SourceHorizon, Inc. provides you with access to a variety of resources, including services and products, as well as the respective information (collectively Services). The services, including any updates, enhancements, new features, and/or the addition of any new Web properties, are subject to the Payment Policy.

SCHEDULE OF FEES.
Registration Fee: To participate in the supplier network a vendor must register and pay a one-time non-refundable registration fee of $750.00. Any vendor who is a member in good standing of the National Tooling & Machining Association receives a special discounted price of $500.00. Upon receipt of payment, the Vendor will be granted full access to the website. Payments may be made by check or credit card.

Commissions: When a Vendor is awarded a project as a result of a bidding event hosted on the site the Vendor pays SourceHorizon, Inc. a commission. The commission is 4.5% (for NTMA members) or 5% (for non-members) of the full amount of the Vendor's bills (invoices) to the Buyer for all work associated with the RFQ and any subsequent work for the life of that product (excluding shipping charges). Payment of commission is due 60 days from the date the project is awarded to the Vendor. In the case of re-orders the terms are net 60 days from the date of the Buyer's purchase order. Payments made by credit card within 10 days are discounted 5%. For projects with a value of more than $50,000 payment terms can be negotiated on a project by project basis.

Project Management & Engineering / Design Fees: Fees for these services are dependent on the scope of the project and are invoiced with net 30 day terms.

Supplier Qualification Fees: Each Vendor receives a Customer Listening Survey at no charge when they register. At any other time the Customer Listening Survey cost is $750, payable by credit card at the point of purchase. SourceHorizon, Inc. also conducts supplier facility audits which vary in cost depending on the length of the audit and travel expenses. These fee are invoiced with terms of Net 30 days.