Master Platform Service Agreement & Ecosystem Mandate
Entered into by and between Lum Tech Solutions (Pty) Ltd, operating its digital platform division under the brand name Lum Tech Pro SA ("the Platform"), AND the user registering an active profile account, acting as either the Property Owner/Investor ("the Client") or the Independent Contractor/Builder ("the Contractor").
1. Revenue and fee-split structure
In exchange for project management oversight, TradeSafe financial escrow security, and the proprietary digital material voucher infrastructure, the Platform charges an Intermediary Ecosystem Fee. The fee is calculated on a sliding scale based on gross contract value and is split strictly 50/50 between the Client and the Contractor.
1.1 Tier 1 — R0 to R250,000 (10% total ecosystem fee)
Client allocation (5%): added to the milestone invoice as a Project Management and Escrow Security premium. Contractor allocation (5%): deducted from the milestone payout for site-management software access and Material Voucher generation rights.
1.2 Tier 2 — R250,001 to R1,500,000 (8% total ecosystem fee)
Client allocation (4%): added to the milestone invoice as a Project Management and Escrow Security premium. Contractor allocation (4%): deducted from the milestone payout for site-management software access and Material Voucher generation rights.
1.3 Tier 3 — R1,500,001 and upward (6% total ecosystem fee)
Client allocation (3%): added to the milestone invoice as a Project Management and Escrow Security premium. Contractor allocation (3%): deducted from the milestone payout for site-management software access and Material Voucher generation rights.
2. Client co-payment mandate (Management & Security)
The Client explicitly acknowledges that the platform fee added to the milestone checkout invoice covers: (a) Digital Project Management — automated milestone tracking, snag-list uploading tools, and verification updates; and (b) Financial Escrow Security — secure storage of capital within the institutional TradeSafe and Standard Bank escrow trust framework, eliminating upfront deposit risks.
3.1 Contractor infrastructure fee
The Contractor acknowledges that their 50% share of the platform fee (5%, 4% or 3% depending on tier) is automatically deducted upon milestone clearance to cover platform security administration and construction workflow tracking.
3.2 Platform material voucher generation
To streamline material sourcing, reduce supply-chain friction, and prevent misuse of cash on site, the Platform provides a proprietary Digital Material Voucher System. Voucher creation: the Contractor may request that a portion of an approved, locked escrow milestone be issued as a digital secure voucher instead of a cash draw. Collection & settlement: vouchers are presented to partnered South African hardware and building material suppliers to collect bricks, cement, roofing, and raw materials.
3.3 Irrevocable split-settlement mandate
The Contractor grants the Platform and TradeSafe an irrevocable mandate to pay the partnered material supplier directly from the escrow wallet upon voucher redemption, bypassing the Contractor's primary bank account to secure the supply chain.
4. Legal acceptance & digital signature
By clicking "I Accept the Master Platform Service Agreement" during registration, or by activating any construction project milestone within the Lum Tech Pro SA application, both the Client and the Contractor legally bind their respective entities to these automated fee-splitting, management, and voucher distribution rules.