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Did you know? Equipment service and maintenance agreements represent a $30 billion industry in the U.S. Most equipment manufacturers and vendors make huge profits on service and warranty agreements, not product sales. If your annual equipment maintenance costs are more than $25,000 and if you are contracting with multiple vendors, the EMEC™ program from Colemont will significantly reduce your direct and indirect expenses.
What is EMEC™? Equipment Maintenance Expense Consolidation™ (EMEC™) is a service that reduces direct equipment maintenance costs 10%-40% by consolidating all vendor agreements under one master contract.
What are the features and benefits of EMEC™? > 10%-40% cost savings > Decrease in cost of an already existing expense item > Guaranteed cost makes budgeting easier > SIR deductible/retention options available > One contract, one renewal date > Customer choice of vendor or in-house maintenance > Consolidated vendor and equipment maintenance reports > Administration soft costs reduced using on-line tracking and management reports > Underwritten by “A” rated insurance carriers > Best for current service contracts of $25,000 or more
Who is this product ideal for? > Healthcare Facilities > Research Institutes > Clinics > Educational Institutions > Financial/Investment Institutions > Government Institutions > Grocery Stores > General Business > Hospitality > Agribusiness > Governments/Municipalities
What equipment is covered? The EMEC™ program from Colemont applies to electronic equipment, including: > Office Equipment > Security Equipment > Communication Equipment > Data Processing Equipment > Mail Equipment > Medical Equipment > Elevators > HVAC > Anything electronic plugging into a wall
The EMEC™ program from Colemont can also apply to industry-specific equipment for: > Hospital and Healthcare Providers > Government and Municipal Properties > Commercial Operations > Banks/Financial Institutions > Educational Institutions > Restaurants > Non-Profits
What is not covered by EMEC™? > Software > Vehicles
Does this make sense for me? Just tell us how much you spend annually for equipment maintenance contracts and the number of vendor agreements in place, and we can estimate savings in 24 hours. While savings are usually a minimum of 10%, actual savings can be substantially higher.
How do I obtain a formal proposal and guaranteed cost quotation? To obtain a formal proposal, all vendor contracts need to be reviewed by program representatives. The proposal will catalog all existing contracts, vendor costs, and service provisions and, then, compare them to the one-contract EMEC™ option. Although time and effort will be required to collect vendor agreements, contracts, and sample invoices, the payback can be significant. A typical company paying $1 million in annual maintenance costs can save $150,000 to $200,000 per year, and that does not include soft cost savings from improved equipment and vendor tracking and management.
Why would I not purchase EMEC™? You might not purchase EMEC™ if you already have a consolidated one-contract program, or if annual costs are less than $25,000.
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