Operation & Maintenance (O&M) Contracts are agreements that focus on the management, operation, and regular maintenance of equipment, machinery, and facilities. These contracts ensure the smooth functioning of systems through operation services that meet performance standards, along with scheduled maintenance to prevent issues and extend asset lifespan. They typically include emergency support to address unforeseen breakdowns, as well as preventive maintenance to reduce the risk of future malfunctions. O&M contracts are essential for minimizing downtime, enhancing system efficiency, and ensuring compliance with safety and regulatory standards, ultimately optimizing the long-term performance of industrial assets.