Annual Maintenance Contract (AMC)
An Annual Maintenance Contract (AMC) is a type of service agreement that provides ongoing maintenance and support for a specific equipment or asset. It is typically used to ensure that the equipment or asset is kept in good working order and is regularly serviced and inspected. An AMC typically covers a period of one year and may include regular maintenance visits, parts and labor, and other services such as software updates and upgrades. It is an important part of maintenance operations and management, as it helps to ensure that the equipment or asset is kept in optimal condition and is able to perform its intended function.