The benefits our clients have reaped from these capabilities are as follows:

·        Increased Availability

·        Reduced Maintenance Costs

·        Reduced OPEX Costs

·        Reduced Spares Holding

·        Access to Engineering Specialists

·        Equipment Re-rates

Weir Services offers asset management of total maintenance regimes often using incentive based contracts derived from a common aim to reduce the "Total Cost of Ownership" of the equipment which takes account of all direct and indirect costs:

·      capital cost of equipment

·        cost of spare parts

·        cost of overhauls

·        cost of equipment failure

·        cost of company and client support

In constructing contracts of this type, Weir Services can create an environment in which a broad range of specialists have the ability to influence the bottom line and provide the degree of control needed to significantly impact upon the "Total Cost of Ownership".

The Weir Services approach to maintenance support is very much one of assumed ownership.

Assumed ownership can include :

1.        Installation and commissioning of plant

2.        The development/management of the maintenance regime and Planned Maintenance Routines

3.        The provision of mechanical core personnel with a specialist discipline

4.        The ongoing review of PMR’s

5.        The procurement, storage and management of spares

6.        Overhauls and repairs

7.        Developing relationships with key suppliers

8.        The identification and implementation of technical initiatives

9.        Accepting risk and reward dependent upon performance

10.   Develop and manage the supply chain

Weir have a long association with rotating equipment service contracts going back to the first incentivised, all encompassing pump and driver maintenance contract with British Petroleum. Since then, Weir has been at the forefront of all major contractual innovation that has developed. In each of our maintenance contracts we aim to Add Value by:

·        Improving HSE performance

·        Containing costs

·        Improving reliability and availability

·        Exceeding performance targets

·        Implementing a continuous improvement culture

·        Reducing stock holding

·        Increasing our scope of responsibility

·        Remove inefficiencies from process

An important difference between Weir Services and its competitors is that we operate a service based on improvement rather than simple restoration and have restructured our organisation several years ago to accommodate this. This is why we have been so successful in the support of our asset management contracts.