Maintenance Cost

Maintenance cost is the cost associated with keeping a property, equipment, or facility in good condition. This includes costs for repairs, replacements, and preventive maintenance. Maintenance costs are typically divided into two categories: recurring and non-recurring. Recurring costs are those that are incurred on a regular basis, such as monthly or annual inspections and repairs. Non-recurring costs are those that are incurred for a one-time event, such as a major repair or replacement. Maintenance costs can also be divided into direct and indirect costs. Direct costs are those that are directly related to the maintenance of the property, equipment, or facility, such as labor, materials, and supplies. Indirect costs are those that are not directly related to the maintenance, such as administrative costs and overhead. Maintenance costs are an important part of any business and can have a significant impact on the bottom line. Properly managing maintenance costs can help to ensure that the property, equipment, or facility is in good condition and functioning properly.