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A service maintenance contract is an agreement between a service provider and a client that outlines the tasks, schedule, and frequency of maintenance services. For example, commercial maintenance contracts for HVAC clients may include four check-ups and one filter replacement on their systems per year.
By Practical Law Commercial. A B2B agreement in which the supplier agrees to provide a maintenance and support service for equipment. The agreement is drafted to be broadly neutral between the parties. To access this resource, sign in below or register for a free, no-obligation trial.
A maintenance contract is a legal agreement between your organization and a maintenance service provider that outlines the work they're going to do, when they're going to do it, how quickly, and to what standard.
One of the main disadvantages is that it can be more expensive than maintaining and repairing equipment in-house, particularly for smaller hotels. In addition, contract maintenance providers may not always be available to provide emergency repairs, which can cause delays and inconvenience for hotel guests.
However, it is important to ensure that the price charged covers the cost of labor, as well as provides a reasonable profit margin. The cost of equipment required for maintenance should also be considered when pricing a maintenance contract. This includes tools, spare parts, and other materials.