Renewal of Equipment Maintenance Program Contract with Specialty Underwriters

Monday, September 15, 2008

The University's Exclusive Contract Supplier of Equipment Maintenance Cost Containment Services

Purchasing Services is pleased to announce the renewal of the Specialty Underwriters Equipment Maintenance Program contract, an innovative alternative to traditional Original Equipment Maintenance (OEM) annual equipment maintenance agreements that offers a significant cost savings opportunity to departments without negatively affecting the service provider or the quality and timeliness of equipment repair and service. This program is the result of a collaborative buying partnership with the Educational & Institutional Cooperative Service (E&I), a Purchasing Services collaborative buying business partner.

About the Program

The University implemented this program on April 16, 2006. Since its inception, the following benchmarks have been met:

• University departments using the contract: 42
• Manufacturers serviced under the contract: 31
• Number of assets under contract: 476
• Average savings on each individual contract: 25%
• Average annual contract cost savings to the University: $487,180

Please direct questions regarding the Specialty Underwriters business relationship to Dave Staskin in Purchasing Services.