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Cost based or cost-plus pricing is the approach of pricing service parts using cost as a base and then adding a standard markup on top to get the price for the service part. Cost based pricing is a popular technique and arguably still the most prevalent in the service parts pricing field.
Spare parts maintained at this level of repair are known as bench stock. Intermediate-level maintenance deployment can vary widely, and is highly dependent on desired operating conditions. In minimal maintenance concepts , there may be minimal or no I-level maintenance, a system known as two-level maintenance (O-level & D-level).
The 'six year rule' in the UK Sale of Goods Act 1979 relates to the time period for enforcing claims that goods were defective when sold, not to whether spare parts are available to repair them, and section 23(3) of the Consumer Rights Act 2015 states that a consumer cannot require a trader to repair or replace goods if "the repair or ...
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The BCIS "Standard Form of Cost Analysis" (SFCA) remained an industry staple, largely unchanged, until the late 2000s. In 2012 the "New Rules of Measurement" for cost management throughout the construction process were accompanied by a modernised version of the SFCA. [1] In 2022, the BCIS was spun out of RICS. [2]
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A gasoline pump or fuel dispenser is a machine at a filling station that is used to pump gasoline (petrol), diesel, or other types of liquid fuel into vehicles. Gasoline pumps are also known as bowsers or petrol bowsers (in Australia and South Africa), [2] [3] petrol pumps (in Commonwealth countries), or gas pumps (in North America).
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