Importance of Customer Value Agreements for Construction Businesses

  • Editorial Team
  • News
  • 7 September 2022

Customer Value Agreements (CVAs) are a great option if you want to make the most of your used machinery in the long run. You may be able to get a number of benefits and services with these contracts as they can help in increasing the longevity of your equipment and add value to your company. Do some research and you might be able find a CVA that is ideal for your business goals. Whether you are looking to purchase used machinery or simply to increase coverage for the equipment you currently own, a CVA will be helpful in both circumstances.

What Are CVAs?

A CVA is an ownership strategy intended to enable you to maximize the value of your heavy machinery. Given the large number of CVAs available, you may choose the one that best suits the requirements of your business. This will allow you to maximize your investment and extend the lifespan of your equipment.

Equipment Protection Plans (EPPs) are a component of CVAs for new and used Cat equipment, protecting you from the expense of unanticipated repairs. Additionally, CVAs ensure that you will always get genuine Cat parts at the scheduled time, and they will be delivered to a place that is convenient for you. With Cat CVAs on your side, you will also get access to digital solutions that you can use to access key operational metrics and monitor the overall condition of your machinery.

Due to its flexibility and the support from Caterpillar and Cat dealer partners, a CVA is quite different from conventional equipment maintenance contracts. As opposed to universal maintenance contracts, CVAs may be tailored to guarantee that you get the performance you need. It will ensure that you will always have access to authentic Cat spares, extensive dealer assistance, and Cat software solutions to make the most of your machine since all the CVAs assist you in connecting to Caterpillar and the global Cat network of suppliers.

Better Planning and Budgeting

With a CVA, you will be able to make future plans with more assurance. Your equipment will not need as many unforeseen repairs thanks to these agreements. They will allow you to plan maintenance at more frequent intervals whenever it is suitable for you. CVAs also provide your business’ budget various payment alternatives.

Increased Equipment Resale Value

A CVA can raise the value of your equipment by providing a more thorough maintenance history. Equipment with complete records and a detailed maintenance history is likely to fetch a higher price from prospective purchasers. Your equipment’s resale price is affected by its maintenance records.

Flexible Agreements and Professional Testing

Due to the vast number of Cat CVA alternatives that are available, you have the freedom to choose a flexible plan that satisfies you and meets all your requirements. CVAs also provide you access to qualified experts who can examine your machinery for you instead of you having to test it yourself. These professionals can promptly provide precise data and insights regarding your machinery due to their expertise, worldwide support, and access to cutting-edge technology.