The Public Accounts Committee has accused the Housing Executive of being "out of control" in the way it managed maintenance contracts.
Product revenues took a hit in Q2 due to seasonality and macro-economic factors, but hardware maintenance contracts showed robust growth and is likely to positively impact margins.
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SRA's criticisms of lax management of cost-plus maintenance contracts.
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Responding to Monday's debate, defence procurement minister Peter Luff said no decisions had been made on long-term maintenance contracts but the "main investment decision for support arrangements" would be taken "before the middle of this decade".
Second, General Electric (GE) announced on May 23rd that they will be offering production based availability (PBA) guarantees as an option for new and existing operations and maintenance contracts on all GE 1.5 and 2.5 megawatt series wind turbines.
When the license period expires, customers can sign up for maintenance and service contracts at a lower fee.
After all, maintenance and service contracts help build and keep cash flow from customer channels, and it is not enough to simply have them sign off on such contracts to hand over to the support department.
About two-thirds of its sales are attributable to multiyear maintenance, repair and operations contracts, with an average annual retention rate for these contracts since 2000 running at 95%.
Many indebted hospitals are carrying the extra burden of Private Finance Initiative (PFI) contracts for building and maintenance agreed years ago.
In 1999, the City's Department of Information Technology and Telecommunications entered into a number of franchise contracts for the installation, maintenance and operation of public payphones on City sidewalks.
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Current contracts cover replacement parts, maintenance and training.
The council previously had a number of small contracts covering issues such as road maintenance and street lighting, and the HESPE contract brought all those elements under one large contract.
Employer-clients like Boeing, Citigroup, Pfizer and Microsoft sign contracts in which they agree to pay everything from construction costs to ongoing maintenance in return for on-site child care services for their employees' children. (Often, these employer "sponsors" will also subsidize the parents' tuition.) Under certain "cost-plus" contracts, the employer-sponsors will even shoulder some of the care center's risk in exchange for more control of the operations.
On March 31, 2010, a Manhattan Grand Jury Indictment (originally filed under seal on February 18, 2010) was unsealed in which David Porath, a former owner of a maintenance and insulation company, was charged with engaging in a conspiracy to rig bids for NYPH contracts for re-insulation services, and for filing a false federal tax return in 2005 that substantially understated his income.
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