Why is your Home Annual Maintenance Contract (AMC) a thing of the past?

Annual Maintenance Contracts(AMC) have been a preferred method to save money on annual spend a homeowner or tenant incurs towards any repairs and breakdowns. AMCs are typically an annual contract between a maintenance company and a homeowner or tenant where the maintenance company charges an annual fee in advance and provides preferential service to the customer without charging for every inspection visit. The AMC is supposed to ensure peace of mind along with the savings for its customers. However, it has been observed that it falls short of this promise as the customers feel the pinch of having to pay a high annual charge, especially when in many years the contract doesn’t get fully utilized. 

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