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and estimate a minimum of 3 hours per trouble call to be safe. You must understand what is not covered and how those services will be billed and what steps can be taken to control overall maintenance costs. What is a Survey and Report Contract? The trade-off is that the cost of a shorter-term contract will most likely be at a higher rate. One problem with the annual price adjustment approach occurs when cumulative increases are applied over many years.

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The standard elevator contract usually covers a 5-year term with a termination clause requiring 90-days prior written notice. Low occupancy discounts usually range between 5 and. We are confident that we will not receive parts back because of poor quality. Tip 2 Low occupancy discounts Many elevator companies offer some type of occupancy discounts. Liability is limited because the maintenance contractor assumes all responsibility and determines the amount of service visits required to keep the elevator system operating safely. Managers should understand the circumstances under which they will be invoiced for costs in addition to the contract price. How to select an elevator maintenance provider. Owners will also be required to pay in advance at the beginning of each month. But here's where your troubles can begin. Review all legally binding documents with your insurance and legal advisor before you finalize any contract. Usually, manufacturer's maintenance contracts are the most risk-free choice but you may pay a premium.

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