What are the benefits of Service Contracts?
The benefits of Service Contracts are:
- Cost Savings: You can benefit from long-term contracts, which often come with discounted rates or bulk pricing, resulting in cost savings compared to one-time services.
- Consistency and Reliability: You can rely on consistent access to necessary services without repeated negotiations.
- Reduce risk: You can outline terms related to warranties, liabilities, and service level agreements (SLAs), reducing the risk if services don’t meet agreed-upon standards.