It is an agreement between a service provider and a customer to make sure that the product or equipment they bought gets regular maintenance and help. The AMC usually covers regular maintenance, repairs, and part replacements for a set amount of time, usually a year, with the option to renew the contract for another year. The goal of AMC is to make sure that the equipment works well and lasts as long as possible, to cut down on downtime, and to give the customer peace of mind.
Annual Maintenance Contract ( AMC )
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