Monitor specific contract variance items

Typically there are clauses in full MARC regarding the reconciliation of specific maintenance items. For example:

• Reconciling the condition of nominated components at the conclusion of the contract term.
• Reconciling maintenance cost vs. revenue for wear items.

Component condition

AMT’s Residual Value in Component (RVIC) report forecasts the expected life remaining and value remaining in components at specific points in time (for example, contract completion).

The report in AMT is the RVIC Analysis report. Navigate to Reporting and Analyses > Equipment Evaluation > Residual Value Analysis.

An example of this report is below.

Residual Value = 1 - ((End Usage - Last Change) / Life) x Cost.

Reconciling wear items

Some maintenance contracts have clauses concerning the performance of specific parts. That is, specific groups of parts have a specific budget cost and revenue stream which is constantly monitored and if significant variances occur, there can be a sharing of the costs. A common example are wear items. For such contracts, there should be multiple billing projections, such as a billing schedule for the wear items, or undercarriage, and a second billing schedule for the balance of the machine.

Separate actual billing records, for each billing schedule, are imported into AMT like any other billing.

The report in AMT is the Contract Billings vs Cost Reconciliation report. Navigate to MARC > MARC Admin > Billings. An example of the report is shown below.