Tracking Asset Maintenance Contracts

This topic discusses how to track Asset Maintenance Contracts.

Page Name

Definition Name

Usage

Maintenance Contracts - Detail Page

MAINT_CONTRACT_01

Add or modify maintenance contracts.

Maintenance Contracts - Coverage Page

MAINT_CONTRACT_02

Enter the terms of each maintenance contract and the coverage that it provides.

Use the Maintenance Contract Terms (MAINT_CONTRACT_01) component to track such contracts and to determine repair and servicing costs, the time period covered in the contract, and the exact coverage specified by the contract.

To track maintenance contracts:

  • Add or modify maintenance contracts on the Maintenance Contracts - Detail page.

  • Enter the terms of each maintenance contract and the coverage that it provides.

Note: You cannot set up maintenance contracts without first setting up a Vendor table. You need not set up all vendor tables, but you must at least set up a list of vendors.

Use the Maintenance Contracts - Detail page (MAINT_CONTRACT_01) to add or modify maintenance contracts.

Navigation:

Asset Management > Service and Maintenance > Maintenance Contract Terms

You can add multiple records for any contract. By creating separate records with different dates in the Effective Date field, you can maintain a history of when the contract was first issued and any subsequent renewals. To identify the contract currently in use, make its Status Active.

The information in this page helps you to track maintenance contracts. You can enter when the contract was issued, when it expires, what you had to pay for it, and the vendor honoring the contract. You can also identify the person who is responsible for ensuring that the assets covered by this contract are maintained and repaired as required.

Use the Maintenance Contracts - Coverage page (MAINT_CONTRACT_02) to enter the terms of each maintenance contract and the coverage that it provides.

Navigation:

Asset Management > Service and Maintenance > Maintenance Contract Terms > Coverage

In the Coverage field, enter any information about the coverage provided under each maintenance contract, the cost of such coverage, or any other contract-related information.