What is an Annual Maintenance Contract?
AMC, also known as the Annual Maintenance Contract, is an agreement between a company and a service provider to maintain the company and its assets, based on some terms and conditions. It is a bridge that connects the buyers and the suppliers because it provides the maintenance service to the buyers for their valuable products either on a nominal charge or for free of charge, respectively.
AMC or Annual Maintenance Contract is a source through which the provider and the user are in a secure domain. It offers secure maintenance services for all the IT facilities, software, and hardware equipment like printers, desktops, laptops, desktops, smartphones, and other devices.
In addition to this, it enables productivity and reliability. AMC meaning is a mutual contract that enables the maintenance of the equipment and efficient IT services. This makes the users and providers assured enough to focus on facilities and offers rather than maintaining the organizational assets. Both users and providers focus primarily on the work rather than the other substitutes, such as organising, maintaining, and securing the assets of the organisation or firm provided. This assures the providers and the users a secure environment, enhancing productivity and potency to a great extent.
What does AMC (Annual Maintenance Contract) include?
Based on customer/organization need, most companies offer fundamental AMC's such as IT network report, status report, inventory management, resolution of inquiries, equipment management, system configuration, and many more.
Types of Annual Maintenance Contract
- Comprehensive Maintenance Contract (CMC)
A CMC is usually for one year and can be extended up to 3 or 5 years if the parties agree. It includes prompt service for repairs and replacements of faulty parts or machines. A CMC (Comprehensive Maintenance Contract) costs more than an AMC (Annual Maintenance Contract) because it includes the costs of the replacements on top of the maintenance service.
- Computerized Numerical Controls (CNC)
Maintenance of machines with computerized numerical controls (CNCs) requires special skills. Suppose a company does not have a specialized CNC maintenance team to take care of all CNC machines. In that case, it should enter into an AMC (Annual Maintenance Contract) with CNC machine manufacturers. These are the best individuals to contract with for maintaining these machines.
Advantages of AMC (Annual Maintenance Contract)
With AMC, a business is Secured, Profitable, and Reliable. It includes regular check-ups of networks, servers, infrastructure, and spare parts of the devices if required. It is a backbone from small to big scale business organizations that quickly provide standardized maintenance services. In addition to these benefits, there are other merits of availing the AMC’s or Annual Maintenance Contract services are as follows: -
- It is Cost-Effective
AMC or Annual Maintenance Contract services are money savers. In addition to this, it saves a lot of time and effort. Through AMC, one can make the hardware and software protected at a minimal cost for a long time. Apart from this, it’s also cheaper than hiring someone to take care of the equipment on a full-time basis. Therefore, many people consider AMCs the best solution as it does not require anyone to take care of the equipment, tools and technological aspects.
- 24/7, 365 Operation
An individual availing the services coming under the terms and conditions of AMC (Annual Maintenance Contract) can get thorough guidance and support anytime.
- Well-maintenance of the Devices
Through AMC, an organisation can keep all the devices well-kept and fully functional. This makes organisation progress and enhances its business in the market amongst the other IT firms
- Expert Technicians in an Emergency Support
AMC or Annual Maintenance Contract is an agreement that consists of a wide range of expert tech professionals who are well-equipped and always available at the user’s disposal whenever they need help. Professional technicians under AMC can get end-to-end hardware and software repair solutions.
- Timely Maintenance
AMC (Annual Maintenance Contract) offers product longevity as the technicians constantly check the products and the parts to perform well consistently. During the contract time, they will work on the maintenance and repair of the devices. In contrast, the customers or users receive service notifications from time to time that will keep them updated with the work process
- Verified Products
Annual Maintenance Contract ensures the delivery of authentic products and technical advice. The users do not need to cross-check the items once they sign an annual maintenance contract.
Choosing Truvic Online as an Annual Maintenance Contract Service Provider
Annual Maintenance Service Contract (AMC) is a well-renowned and fundamental aspect that an organisation usually counts on. Many IT firms and organisations have provided a wide range of AMC services. However, Truvic Online, a reputed and established IT organisation is known for providing the finest services and facilities that make it the best Annual Maintenance Contract (AMC) provider because of the following reasons
- PAN India Service available
Truvic Online operates and provides skilled and exceptional AMC services in all the regions of PAN India and its users.
- It provides all kinds of AMC services and facilities
Truvic Online, an established IT firm in AMC, provides the foremost services. It covers all the aspects which come under the terms and conditions of Annual Maintenance Service.
- Offering AMC (Annual Maintenance Contract) services at a reasonable rate and price
With Truvic Online, the users can get all kinds of Annual Maintenance services at an affordable cost, irrespective of the prices available in the market.
- Highly experienced and well-certified Technicians and Engineers
Truvic Online consists of well-versed and authorised technicians who have provided AMC services for a long time. This increases accessibility, reliability, and productivity for both users and providers as the engineers can provide the solutions instantly, making the customers rely on them and trust them.
- After-maintenance service and Guidance
AMC (Annual Maintenance Contract) maintains and supervises all the organisation's equipment. Truvic Online, just like AMC, also provides the after-maintenance and maintenance of the equipment during its service. Apart from this, it also offers guidance and support when software or hardware is installed.
- No breaching of Information
As AMC is an agreement that consists of confidential information, Truvic Online while providing AMC services, makes sure that no private information or data has been used or breached for the unfair means.
- 24/7 Online Consultation
Annual Maintenance Contract has a service of 24/7 consultation by expert technicians. Truvic Online also provides a 24/7 online consultation to the users who face any difficulty accessing any AMC service. Whenever the users do not understand any aspect of an agreement, they are made to understand the terms and conditions written in an agreement by the expert team of professionals.
Frequently Asked Questions (FAQ)
- What is AMC full form?
AMC stands for, or AMC full form, annual maintenance contract while the services and facilities provided in it are called the AMC services.
- What is the meaning of an annual maintenance contract?
An annual maintenance contract or AMC meaning is an agreement between a company and a provider that maintains machinery or property that the company or organisation purchases from the provider.
- Why should an organisation have an annual maintenance contract?
With a comprehensive Annual maintenance contract, an organisation or firm can control or account for all maintenance costs for the long term. 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.
- How many types of Annual Maintenance Contract (AMC) are there?
There are two types of Annual maintenance contracts: Comprehensive AMCs and Non-comprehensive/Call basis AMCs, where the former includes repair and replacement of the faulty PC parts for a lump sum price.
- What should be included in an annual maintenance contract?
There are some of the aspects which can be included in an annual maintenance contract are Provider and buyer’s contact information, definitions of common terms, general service terms and specifications, response time and returns procedure, support conditions and obligations, service exclusions, price, Invoicing, and payment terms.
- What is an Annual Maintenance fee in an Annual Maintenance Contract?
Annual Maintenance Fees means the annual fees payable in advance for the Support Services. This contract is usually valid for five years from the date of expiry of the defect liability period for the item. The owner does not have liability whatsoever, over and above the quoted prices. The AMC charges shall also include all Taxes & Duties except CENVATABLE Service tax if any.
- How much is the cost of the Annual Maintenance Contract India?
According to industry officials, the price of AMC service India is usually up to 10% of a product's price, although in some cases, it is higher.