Plant operators are all too familiar with Murphy's Law. "Anything that can go wrong will go wrong." When you're dealing with large-scale equipment, any problem can be costly. Whether it's a boiler, HVAC system, or other critical machine, fixing a problem can be expensive -- both in terms of money spent on the repairs and money lost due to production downtime.
As any plant operator knows, prevention is essential in keeping equipment running smoothly. And one of the most effective ways to do this is through equipment maintenance contracts.
Here are three ways in which maintenance contracts can benefit you.
1. Keep Equipment Running Smoothly
Even new equipment needs consistent maintenance to continue operating correctly. Unfortunately, there are many people who do not think of their equipment in this way.
The best way to think of it is like a car. Even new cars need an oil change and tire rotation every 5,000 miles to keep them chugging along. This maintenance keeps the car running like new and ensures even wear and tear on the tires. Similarly, new equipment at your plant needs ongoing maintenance. What maintenance contracts do is ensure that your equipment is serviced correctly on an ongoing basis. The regularly-scheduled care helps to keep your equipment running smoothly and ultimately extends its life. This prevents you from having to replace the equipment before it is absolutely necessary.
2. Save You Money
Well-maintained equipment is likely to run better and break down less. Fewer breakdowns will lead to lower repair costs. Maintenance contracts can save you money in other ways, too - most agreements provide an added discount. At Tate, service contract accounts entitle the customer to discounted rates from our standard hourly published rates.
Related: How Preventative Maintenance Can Save You Money
3. Give You Peace of Mind
When equipment falters, you can't afford to let the problem go unsolved for long. Time is money -- and a lot of it is lost when entire systems go down. Maintenance contracts can give you peace of mind. If something does go wrong, you know you have someone standing by waiting to help. One of the most significant benefits of these contracts is the priority service you'll get from your maintenance company.
When you have a service contract with Tate, you go to the front of the line for repairs. This priority could save you valuable hours in runtime and, as a result, lots of money. When your equipment needs repair, you will no longer have to search around for available and reputable companies - if you have a service contract, you will have a partner company at your disposal.
Maintenance Contracts Pay for Themselves
Plant operators who are skeptical of maintenance contracts, or have skeptical bosses, can rest assured that these contracts often pay for themselves quickly. Consistent maintenance can extend the life of equipment for years, reducing the cost of necessary repairs and ultimate replacement.
Equipment is a huge investment for companies. Protecting that investment, and extending its lifecycle, is essential for reducing costs. The longer the equipment lasts, the longer you can stretch out replacement costs. Regular maintenance helps equipment run at peak efficiency, which also significantly reduces the cost to run that equipment.
In addition to significant cost savings, maintenance contracts can also provide you with cost certainty. You'll be able to budget for ongoing maintenance rather than treating it as a surprise cost you have to somehow work in.
There are numerous benefits of a service contract with Tate. Contact us today to find out more about these benefits and how we can start working for you.