maintenance costs

Maintenance costs refer to the expenses incurred to keep equipment, vehicles, or systems functioning properly over time. This includes routine activities like inspections, repairs, replacements of parts, and servicing to prevent breakdowns. These costs are essential for ensuring safety, efficiency, and longevity of assets. Proper maintenance can reduce unexpected failures and extend the lifespan of equipment, ultimately saving money. Understanding maintenance costs helps individuals and businesses budget effectively for ongoing support and avoid significant expenses due to neglect or neglect-related damage.