Although the final structure can vary, a Long Term Service Contract is a contractual agreement with a customer that typically captures all parts, services and repairs on capital equipment over a period of time ranging from several to as many as 15 years depending on the nature of the equipment involved. Applicable to any capital equipment, due to the customer’s perceived risk of equipment maintenance costs, such a program is especially suitable for newer technology.
A LTSC program is developed to work within your company’s tolerance for risk assumption and can include or omit any number of aftermarket service parameters
Typical Client Benefits
