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ODISHA RENEWABLE ENERGY DEVELOPMENT AGENCY BHUBANESWAR Invites Tender Supply, Installation (Erection), Testing, Commissioning, Warranty and Comprehensive Maintenance Contract for a period of 5 years.
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L1 FAQ
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An comprehensive agreement is a clause in a contract that states that the terms within are the sole agreement between the two or more parties. This means that if any preceding agreements were made between the contract parties, the new agreement overrides those previously made agreements.
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While an Annual Maintenance Contract is a good approach to cover basic product service, a Comprehensive Maintenance Contract (CMC) covers any additional spare parts, labor, or transportation charges that arise while technicians are maintaining those items.
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Maintenance Contract Period means the 12/24/36 month period commencing initially on the date the first invoice is created for the annual maintenance cover and thereafter the invoice date for the renewal or continuance of maintenance cover for an existing system.
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What are the different types of maintenance contracts? Annual maintenance contracts (AMC) and comprehensive maintenance contracts (CMC) are the two general types. Both cover the service charges for ongoing maintenance and emergency repairs. The main difference between the two are the levels of service they provide.
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Comprehensive maintenance contract (CMC) covers any additional spare parts, labor, or transportation costs that come up while servicing those products. A non-comprehensive agreement will only cover the services themselves and any other expenses that might come up during the process are the business's responsibility.
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What's the difference between AMC and CMC? While an annual maintenance contract is a great way to cover basic service on products, a comprehensive service contract (CMC) covers any additional spare parts, labor, or transportation costs that come up for techs while servicing those products.
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Comprehensive maintenance contract (CMC) covers any additional spare parts, labor, or transportation costs that come up while servicing those products. A non-comprehensive agreement will only cover the services themselves and any other expenses that might come up during the process are the business's responsibility.
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With a comprehensive annual maintenance contract, you can control and account for all maintenance costs on a long-term, fixed basis. By reducing variability in your maintenance budget, you can reliably allocate funds throughout the rest of the business without fear of overruns in maintenance or shortfalls elsewhere.
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