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How To Handle Elevator Contract Renewal

BH Elevator
Publication date:
July 6, 2023
Article Summary: 

The blog discusses the importance of considering terminations and roll-overs in elevator maintenance contracts. It highlights the presence of roll-over clauses in most contracts, which automatically renew the contract for another term if proper termination notice is not given. Building owners are advised to check the termination language and ensure they understand when and how the contract renews. The blog also emphasizes the significance of including performance clauses and key performance indicators (KPIs) in the contract, along with potential financial penalties for non-compliance by the contractor. BH Elevator Consultants Inc. is presented as a company that assists building owners and property managers in obtaining contracts with beneficial terms and conditions, holding elevator service providers accountable, and ensuring transparency in maintenance frequencies and rates.


Terminations, Roll-overs, Elevator maintenance contracts, Roll-over clause, Contract renewal, Termination notice, Non-performance clauses, Key performance indicators (KPIs), Early termination, Elevator service provider, BH Elevator Consultants Inc, Building owner, Property manager, Contract terms, Transparency, Maintenance frequencies, Chargeable rates, Annual price adjustments.

Source Citation: 
BH Elevator
How To Handle Elevator Contract Renewal
July 6, 2023
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