Access-control contract

Definition

A multi-year agreement to maintain a building's electronic entry systems.

Why It Matters

Electronic entry moved the locksmith trade's commercial end from cylinders to systems, and the maintenance agreements that follow are its recurring revenue. Trade guidance treats each multi-year commercial contract as adding real money at sale, with institutional contract share the threshold that unlocks premium pricing. Read remaining terms and assignment clauses in every one, since the contracts are the backbone of the price.