Analyzing the service contract when buying equipment
Doll, W.V.
Healthcare Financial Management Journal of the Healthcare Financial Management Association 41(11): 42
1987
ISSN/ISBN: 0735-0732 PMID: 10284488 Document Number: 292833
When purchasing equipment, financial managers must consider how much maintenance and repair will cost in addition to the initial purchase price. Equipment service contracts can help ease the cost of equipment maintenance. But before signing a contract, financial managers should carefully analyze the agreement, considering such factors as vendor qualifications, covered equipment, and the term, coverage, conditions, and cost of the agreement.