A sample maintenance contract template for you in MS word format. A maintenance contract is a fixed free service, generally provided by the manufacturer of equipment or contractor, over a period of time for maintaining buildings or equipments. The company provides the service provider monthly or annual service payments based on the terms of the maintenance contract. A maintenance contract could be for servicing of equipments or supply of labor. A well structured maintenance contract can relieve the stress of the engineering and mechanical department of an organization and can save cost, time and effort of its labor force. It provides a company more flexibility in availing services than using its own employees. During crisis or downsizing of company maintenance contracts can be altered to reduce the frequency of the service schedule or the labor and thereby cut costs.
Maintenance contracts aid a company is preparing its budget forecasts accurately and more precisely since the costs are known for a finite period of time. A maintenance contract promises quality service and good upkeep of equipments since the payments to the contractor are linked to the efficiency and the performance of the equipment. It ensures that technical issues are handled by persons with expertise which otherwise would have been tough for the company to screen and recruit. Further, all the employee benefits like pensions, gratuity, taxes, etc become the responsibility of the contractor than of the company.
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