Today, as a business leader, you field constant requests for investment—not only in new technology but with new equipment. Recurring expenses such as annual maintenance agreements, vendor invoices for non-covered warranty and service work can become a drain on financial resources.
Businesses spend a considerable amount of money each year on maintenance agreements and equipment replacements. Since the equipment manufacturers financially benefit from promoting their service maintenance agreements and selling more equipment, its difficult to know if their recommendations represent the best interests of yours.
The Revere Group provides an innovative and cost-effective alternative to high-priced Original Equipment Manufacturer (OEM) and third-party equipment maintenance service agreements. We help your organization move from complete dependence upon overpriced and restrictive vendor service agreements to a programmatic solution. A solution that controls your maintenance expenditures, manages all equipment maintenance activity, and captures all relevant program data for analysis and presentation to you. By utilizing this program, your organization can expect hard cost savings of up to 10-22% annually. You gain complete control over the vendor selection process allowing you more freedom to choose your preferred maintenance provider.
How It Works
A free, detailed analysis is performed on your current equipment maintenance service contracts. We will then present you with a customized proposal demonstrating the cost-savings available by consolidating your current vendor service contracts into one comprehensive program. This program is underwritten with the financial strength, security, expertise and assets of highly-rated insurance companies so there is no financial risk.
Program Benefits
- Cost savings of 10%-22% annually
- The flexibility to utilize your preferred vendor for each maintenance event
- Expanded equipment protection that fills the gaps of traditional maintenance agreements
- Around the clock equipment coverage
- Real-time evaluation on equipment performance to aid in future equipment purchase decisions
- Maintenance contracts are consolidated into one comprehensive agreement providing one common anniversary date and a single point of contact.
Frequently Asked Questions
Who is financially responsible for paying my equipment maintenance costs under your program?
The program is backed by the financial strength of three "A" rated insurance companies.
What type of equipment does your program cover?
The program covers almost all electrical equipment for industries such as Hospital and Healthcare Providers, Financial Institutions, Government/Municipal Properties, Grocery Store Operations, Commercial Operations and Educational Institutions.
Who services equipment covered under your program?
We do not service your equipment. You control who is called for service and the timing of the service event. You are free to use your current service provider or any desired service provider for each repair and maintenance event. Further, you will find that equipment uptime and performance improves as vendors are managed and encouraged to perform quality, appropriate, and effective maintenance actions each time they service your equipment.
How do we deliver savings?
By consolidating your current vendor maintenance contracts into one comprehensive program, we eliminate the high costs and inefficiencies of multiple vendor service contracts achieving cost savings of 10-22%. In addition, we have access to an historical equipment maintenance database that provides us exactly how much service should cost for specific equipment types of various manufactures and typical maintenance expenditures.
Is preventative maintenance covered by your program?
Yes. In addition to covering corrective maintenance, this program can cover preventative maintenance on your covered equipment as well. You choose the quantity of preventative maintenance to be covered, typically following OEM recommendations. All PM's are reflected in the equipment schedule so you can track completion status.
Can I utilize my in-house staff to perform repairs?
Yes. We will reimburse your in-house staff to perform in-house repairs. In addition, we will also pay for associated parts replaced during the service event. In fact, we strongly encourage your in-house staff to participate in the program as it helps provide long-term savings for your organization as we work together to manage maintenance costs.
What if I need service after hours or on weekends?
Unlike most service contracts that limit hours of coverage (i.e. 8am to 5pm), the program protects your equipment 24 hours a day, 7 days a week. There are no hidden charges for service after hours or on weekends.
Will I have one common anniversary date?
Yes. For your convenience, we will consolidate all covered equipment into one comprehensive program.
What type of data can I receive under your program?
You will receive targeted, accurate, timely reports and information as well as real time access to account scheduling, reports, claim status and more. Comprehensive supporting documentation and detailed reports for each service event help you accurately evaluate and manage equipment and vendor performance. Program summary reports offer a broad view so you can see trends in program operation and monitor overall costs associated with repair and maintenance activity.