Operation & Maintenance (O&M) Contracts
Operation & Maintenance (O&M) Contracts are formal agreements between a client (often a plant, facility, or infrastructure owner) and a service provider to ensure the efficient operation, upkeep, and management of equipment, systems, or facilities over a defined period. These contracts are widely used in industries such as power generation, manufacturing, water treatment, HVAC systems, and telecom.
O&M contracts are a strategic tool for companies to ensure optimal performance, reduce costs, and leverage specialized expertise while minimizing operational risks. They form a critical part of infrastructure management and long-term asset sustainability.
Key Objectives :
- Ensure continuous, reliable, and efficient operation of the facility or equipment.
- Reduce the risk of breakdowns or unscheduled downtime.
- Extend the lifecycle of assets through preventive and corrective maintenance.
- Achieve cost efficiency by outsourcing skilled operations and maintenance.