Key Elements of O&M Contracts with M/s GENX TECHNO :
1. Scope of Work: Includes operations, maintenance, repairs, and part replacements as per mutual agreements.
2. Term and Duration: Contract duration & renewals as per customer needs, initial 3 months trial contract accepted.
3. Payment Terms: As per mutual agreement.
4. Performance Metrics: Mutually establish key performance indicators (KPIs) to measure the service provider's performance.
5. Warranties and Liabilities: Mutually defines the warranties, liabilities, and indemnification obligations of both parties.
Types of O&M Contracts:
1. Full-Service fixed amount O&M: GENX TECHNO accept O&M activities in fixed lumpsum contracts.
2. Partial O&M: GENX TECHNO accepts specific O&M activities, while the facility owner retains responsibility for others as per mutual agreement in fixed lumpsum.
3. Performance based Incentives with fixed: KPI based incentive plan in addition to fixed component.
Benefits of O&M Contracts:
1. Predictable Costs: Fixed or variable costs provide budget certainty.
2. Improved Efficiency: We provider optimize operations and maintenance.
3. Enhanced Reliability: Regular maintenance reduces downtime and increases asset reliability.
4. Compliance: We ensure regulatory compliance and adherence to industry standards.
5. Risk Transfer: We predict certain risks and resolve before impacting efficiencies.