How to Track Equipment AMC Contracts Effectively

Why Track AMCs?

An expired AMC means emergency repair costs at 3-5x the AMC price. Proper tracking prevents this.

Tracking System

• Centralise all AMC records with: vendor, equipment covered, start date, end date, cost, and coverage terms
• Set automated reminders at 90, 60, and 30 days before expiry
• Track AMC value vs actual repair costs to assess renewal worth
• Link AMCs to specific assets in your asset registry

AMC vs Out-of-Warranty

When an AMC expires, decide: renew if equipment is critical and repair costs are unpredictable, skip if equipment is near replacement age, or negotiate a reduced AMC for older equipment.