Every day people depend on the safe and reliable operations of the building’s elevators. Knowing the different types of elevator maintenance contract options that best meet the facility’s requirements can greatly increase the chances of saving money. Four commonly-used types of maintenance contracts offer a range of coverage.
Full Maintenance
To begin with, total responsibility for elevator equipment ultimately falls into the hands of the designated elevator service provider. As a result, this contract functions like an insurance policy, helping property managers budget predictable, all-inclusive yearly maintenance costs. Although many property managers believe they have full maintenance coverage, it’s wise to review contract options and identify any exclusions.
Oil and Grease or Examination & Lubrication
This contract is only reasonable if you have a knowledgeable in-house mechanic to handle regular inspections. The contract price is relatively low, however, it is more difficult to budget when repairs occur. The only materials included in this type of contract are lubricants and cleaning materials.
Parts, Oil and GreaseThis contract is similar to Oil and Grease, with the addition of replacing specified parts. This contract may be a desirable solution for buildings with large space holdings, extensive elevator systems, financial resources or a skilled in-house staff of elevator mechanics. It is important the property manager understands and is willing to assume the burden of coordination between what is covered in the contract and what is done by in-house staff.
Survey and Report
Coverage under this contract consists of quarterly, semi-annual or annual inspections of all major components. It’s important to note this inspection does not include dismantling equipment or any maintenance or repair work.
Overall, refer to your facility’s budget and consult your facility’s maintenance or elevator engineer to confirm the type of contract that suits you and your facility best. If you have any questions regarding elevator contracts feel free to contact Continuum Services at 833-378-4088 or info@continuumservices.com.
